Meaning & use
recession
A period of significant decline in economic activity, typically marked by falling production and rising unemployment.
See it in a sentence
The company laid off hundreds of workers when the recession sharply reduced consumer spending.
Economists debated whether the country was heading into a recession or merely a slowdown.
A note on using this word
Economists commonly define a recession as at least two consecutive quarters of declining economic output, though the term is also used more loosely.
Words with a similar meaning
downturnslump
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
Words with an opposite meaning
boomrecovery
Make it your own
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