recession
nounBand 7
UKrɪˈseʃn
USrɪˈsɛʃən
A period of temporary economic decline with reduced trade and activity.
The economy slipped into recession.
Many small firms closed during the recession.
Remember it
From Latin recedere, “to withdraw,” recession describes an economy pulling back or declining.
Goes with
Similar and opposite
- Similar
- downturnslumpdepression
- Opposite
- boomrecoveryupturn
Word family
Check yourself
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Which picture shows recession?