noun
recession
a significant, prolonged decline in economic activity
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
- 1. The recession caused many companies to lay off workers.
- 2. The recession of the floodwaters revealed new land along the riverbank.
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