recession Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “recession” in the English Dictionary

"recession" in British English

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recessionnoun [C or U]

uk   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.

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(Definition of recession from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"recession" in American English

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recessionnoun [C/U]

 us   /rɪˈseʃ·ən/
social studies a ​period when the ​economy of a ​country is not doing well, ​industrialproduction and ​businessactivity are at a ​lowlevel, and there are many ​peopleunemployed: [U] The ​country is ​mired in recession. [C] The Japanese ​economy is experiencing ​itsworst recession in 20 ​years.
(Definition of recession from the Cambridge Academic Content Dictionary © Cambridge University Press)

"recession" in Business English

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recessionnoun [C or U]

uk   us   /rɪˈseʃən/
ECONOMICS a ​period, usually at least six months, of ​loweconomicactivity, when ​investmentslosevalue, ​businessesfail, and ​unemploymentrises: The ​expertspredicted recession in the coal ​industry. The ​retailsector 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.
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(Definition of recession from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “recession”
in Spanish recesión…
in Vietnamese tình trạng suy thoái…
in Malaysian kemelesetan ekonomi…
in Thai การตกต่ำทางเศรษฐกิจ…
in French récession…
in German die Rezession…
in Chinese (Simplified) (经济)衰退期…
in Turkish ekonomide durgunluk/gerileme…
in Russian спад, рецессия…
in Indonesian resesi…
in Chinese (Traditional) (經濟)衰退期…
in Polish recesja…
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