B2nounmoneybusiness
US/rɪˈseʃ.ən/
UK/rɪˈseʃ.ən/
a period when a country's economy is weak, with less trade and fewer jobs
In context
Thousands of factory workers lost their jobs during the recession.
Economists warn that the country could slip into recession next year.
Some businesses actually grew during the recession because people looked for cheaper options.
Words that go with recession
verb + noun
- go into recessionSeveral European economies went into recession in 2009.
- come out of recessionThe economy finally came out of recession after two years.
adjective + noun
- deep recessionThe war pushed the region into a deep recession.
- global recessionA global recession would reduce demand for our exports.
- severe recessionA severe recession would hit exporters hardest.