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noun

recession

/rɪˈseʃən/  ·  say it: rih·SESH·uhn

a significant, prolonged decline in economic activity

In Banking & Finance

In more detail

1. (noun) a period when the economy of a country becomes weaker, with less business activity and more unemployment

2. (noun) the act of moving back or the process of becoming smaller or less noticeable

Examples

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Nearby in Banking & Finance