Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “recession”

See all translations

recession

noun [C or U]
 
 
/rɪˈseʃən/
ECONOMICS a period, usually at least six months, of low economic activity, when investments lose value, businesses fail, and unemployment rises: The experts predicted recession in the coal industry. The retail sector is now in recession. a deep/shallow/mild depressionenter/fall into/slide into (a) recession The economy has entered a deep recession.recover from/pull out of (a) recession The industry is recovering fast from what has proved to be a mild recession.
→  Compare depression →  See also double-dip recession
Translations of “recession”
in Spanish recesión…
in French récession…
in German die Rezession…
in Chinese (Traditional) (經濟)衰退期…
in Russian спад, рецессия…
in Turkish ekonomide durgunluk/gerileme…
in Chinese (Simplified) (经济)衰退期…
in Polish recesja…
(Definition of recession from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of recession?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “recession”

Definitions of “recession” in other dictionaries

Word of the Day

glacial

made or left by a glacier

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More