WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from the Web

Recession

Description:

A recession refers to a period of general economic decline, typically characterized by a decrease in gross domestic product (GDP) for two consecutive quarters. During a recession, business activity slows down, unemployment rises, and consumer spending reduces. This economic downturn can have significant impacts on various sectors, including banking, employment, and investments.

Sample Sentences:

1. Noun (Economic Downturn):

• The country is currently facing a severe recession due to the global financial crisis.
• During the recession, many companies had to downsize their workforce.

2. Noun (Period of Decline):

• The housing market was in a recession, leading to a decrease in property prices.
• Several industries experienced a recession after the sudden increase in taxes.

3. Verb (Act of Withdrawing or Pulling Back):

• Following the financial instability, investors began to recession their investments from the stock market.
• The company decided to recession its operations in certain overseas markets.

Related products on Amazon:

Economics Books on Amazon
Books on coping with job loss
Investment Strategy Books on Amazon