Definition of “recession” - English Dictionary

american-english dictionary

“recession” in British English

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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.

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.

(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, industrial production and business activity are at a low level, and there are many people unemployed:

[ U ] The country is mired in recession.
[ C ] The Japanese economy is experiencing its worst 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 /rɪˈseʃən/ us

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 depression
enter/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.

(Definition of “recession” from the Cambridge Business English Dictionary © Cambridge University Press)