Translation of "recession" - English-Mandarin Chinese dictionary

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recessionnoun [ C or U ]

uk /rɪˈseʃ.ən/ us /rɪˈseʃ.ən/

B2 a period when the economy of a country is not successful and conditions for business are bad

The country is sliding into the depths of (a) recession. 这个国家一步步滑入经济衰退的谷底。

More examples

  • A lot of companies have been adversely affected by the recession.
  • For the second time in ten years, the government has driven the economy into deep and damaging recession.
  • Demand for new cars has fallen due to the recession.
  • Until recently the country's economy has been insulated from recession by its reserves of raw materials.
  • The recession has led to many small businesses going bankrupt.

(Translation of “recession” from the Cambridge English-Chinese (Simplified) Dictionary © Cambridge University Press)