recession // noun [C,U]

(Economics )

a difficult period in the economy of a country or group of countries, when there is less trade and industrial activity than usual and more people are unemployed:

The economy is now officially in recession.

The manufacturing sector is recovering slowly from last year's recession.

The country is emerging from its deepest recession since 1945.

⇨ DEPRESSION, DOUBLE DIP

❖ to be hit by/be in/enter/fall into/slip (back) into(a) recession

◆ to emerge from/recover from a recession

◆ (a) deep/prolonged/severe recession

◆ (a) mild/shallow recession

◆ (a) global/world recession

• oath
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• observer
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• occupational overuse syndrome
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