RECESSION

Definition of RECESSION

  1. (noun)the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
  2. (noun)a small concavity
  3. (noun)the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
  4. (noun)the act of ceding back
  5. (noun)the act of becoming more distant