recession,

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Recession

Noun:

Economic Recession: A period of temporary economic decline, generally identified by a decrease in GDP, income, employment, and trade. It typically includes reduced consumer spending and investment.

Example sentence: The global recession of 2008 was a severe financial crisis that led to widespread unemployment and bankruptcies.

Psychological Recession: A state of mental or emotional decline, characterized by feelings of despair, hopelessness, and disinterest.

Example sentence: After losing his job, he went through a psychological recession and struggled to find motivation.

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