recession

3 definitions • 8 examples

a period when the economy of a country is not successful and conditions for business are bad:

The country is sliding into the depths of (a) recession.

a period when the economy of a country is not doing well, industrial production and business activity are at a low level, and there are many people unemployed:

[ U ] The country is mired in recession.

[ C ] The Japanese economy is experiencing its worst recession in 20 years.

a period, usually at least six months, of low economic activity, when investments lose value, businesses fail, and unemployment rises:

The experts predicted recession in the coal industry.

The retail sector is now in recession.

a deep/shallow/mild depression

enter/fall into/slide into (a) recession The economy has entered a deep recession.

recover from/pull out of (a) recession The industry is recovering fast from what has proved to be a mild recession.