Recession
WordNet
noun
(1) The act of becoming more distant
(2) The act of ceding back
(3) The withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
(4) A small concavity
(5) The state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
WiktionaryText
Etymology
Recorded since 1929, from + -ion < < , the past participle of < +
Noun
- The act or an instance of receding
- A period of reduced economic activity
- Statisticians often define a recession as negative, real GDP growth during two consecutive quarters.
- The ceremonial filing out of clergy and/or choir at the end of a church service.