Meaning & use

recession

noun·Academic

Last updated

UK/rɪˈseʃn/
US/rɪˈseʃn/

Meanings

  1. nouncountable

    A period when a country's economy shrinks, with less production, fewer jobs, and lower spending.

    Grammar: Countable: you can say a recession, the recession, or recessions. Often used with in: a recession in Japan.

    Patterns

    • a recession in something
    • fall into recession
    • be in recession

    The country fell into a deep recession after the housing market collapsed.

    During the recession, many small shops closed and unemployment rose sharply.

    Economists disagree about whether the economy is heading for another recession.

  2. noununcountabletechnical

    A gradual movement backward or away from a point.

    Grammar: Uncountable and formal; often used in scientific or technical writing about the sea or ice.

    Patterns

    • the recession of something
    • recession of the sea

    The recession of the glaciers has accelerated over the past decade.

    Geologists measured the recession of the coastline after the storm.

Word forms

pluralrecessions

Common combinations

economic recession
The government introduced tax cuts to soften the economic recession.
deep recession
The 1930s saw a deep recession that affected the whole world.
fall into recession
Many analysts fear the economy will fall into recession next year.
pull out of recession
It took several years for the country to pull out of recession.
global recession
A global recession would hit exporting nations hardest.

Synonyms and how they differ

downturn
A downturn is any period of reduced economic activity and can be shorter or milder than a recession.
slump
A slump is a severe and sudden fall in trade or prices; it is more dramatic and less technical than recession.
depression
A depression is a much longer and more serious recession, with very high unemployment and falling prices.

Opposites

Word family

recessionary adjective
Relating to or causing a recession, as in recessionary pressures.
recede verb
To move back or away, or to become weaker or less serious.

Commonly confused: recession or depression? recession or recess?

recession vs depression

A depression is far more severe and longer than a recession; in everyday use, people often exaggerate by calling a mild recession a depression.

recession vs recess

Recess means a break in official business or a break at school, not an economic decline. Do not confuse the spelling.

Practice

The economy has been in ______ for two years, with factories closing and jobs disappearing.

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