Skip to definition.
Get the FREE one-click dictionary software for Windows or the iPhone/iPad and Android apps

Noun: recession  ri'se-shun
  1. The state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
  2. A small concavity
    - recess, niche, corner
  3. The withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
    - recessional
  4. The act of becoming more distant
    - receding

Derived forms: recessions

Type of: concave shape, concavity, economic condition, incurvation, incurvature, procession, withdrawal

Encyclopedia: Recession