Jobs being cut? Houses not selling? Everyone talking about the poor sales of everything from cars to bouquets of flowers? That's a recession, a time of economic decline.
The act of receding or withdrawing, as from a place, a claim, or a demand.
Noun
the act of becoming more distant
Noun
the act of ceding back
Noun
the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
Noun
a small concavity
Noun
the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
n.
The act of receding or withdrawing, as from a place, a
claim, or a demand.
n.
The act of ceding back; restoration; repeated cession;
as, the recession of conquered territory to its former sovereign.
Recession
Mercy may rejoice upon the recessions of justice.
Recession
The act of receding or withdrawing, as from a place, a claim, or a demand.
The act of ceding back; restoration; repeated cession;
Usage Examples
Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.
I don't think the Palestinian people or Afghan children or some other things I'm concerned about are at the top of other people's agendas - not right now, when America is going through such a recession and people are suffering across the board financially. But I think all that will change.
As sure as the spring will follow the winter, prosperity and economic growth will follow recession.
Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.
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Other Usage ExamplesRecession is when a neighbor loses his job. Depression is when you lose yours.
Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.
You cannot spend your way out of recession or borrow your way out of debt.
So I think the winners in recession are the people who produce new technology that does things better, which people really want.
The people that make this country work, the people who pay on their mortgages, the people getting up and going to work, striving in this recession to not participate in it, they're not the enemy. They're the people that hire you. They're the people that are going to give you a job.
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