recession - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “recession”

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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 Vietnamese tình trạng suy thoái…
in Spanish recesión…
in Thai การตกต่ำทางเศรษฐกิจ…
in Malaysian kemelesetan ekonomi…
in French récession…
in German die Rezession…
in Chinese (Traditional) (經濟)衰退期…
in Indonesian resesi…
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)
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