Recession

usgb/rɪˈseʃn/
noun

A period when the economy of a country is not successful and conditions for business are bad.

Many small businesses went under during the economic recession.
Visual representation of "recession" - A period when the economy of a country is not successful and conditions for business are bad

Often appears as...

  • economic recession
  • during a recession
Definition 1 of 3
Visual representation of "recession"
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Negative Connotation

The term 'recession' has a negative implication, often associated with job losses and financial struggle.

Illustration for Negative Connotation
The last recession resulted in a high unemployment rate.
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Business Cycle

A recession is part of the economic cycle, following a period of growth and preceding recovery.

Illustration for Business Cycle
Economists predicted the recession after years of market expansion.
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Official Criteria

Often defined as two consecutive quarters of negative GDP growth, which helps identify a recession.

Illustration for Official Criteria
The country entered a recession after two straight quarters of contracting GDP.
Visual representation of the word "Recession"

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