recession
nounUK /rɪˈseʃ.ən/
US /rɪˈseʃ.ən/
A time when businesses make less money and many people lose their jobs.
During the recession, many shops closed and people had to spend less money.
SYNONYMS
RELATED WORDS
OTHER MEANINGS
2. The act of moving back or away from a place.
The floodwaters showed a slow recession after the storm.
3. A part of a surface that is set back or hollowed in.
The door sat in a small recession in the wall.
4. The gradual movement of something away from a point, such as a coastline or glacier.
Scientists measured the recession of the glacier over ten years.