A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters
The action of receding; motion away from an observer
the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
recess: a small concavity
the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
the act of ceding back
(recessional) of or relating to receding
In economics, a recession is a business cycle contraction, a general slowdown in economic activity over a period of time. During recessions, many macroeconomic indicators vary in a similar way. ...
The Recession is the third major studio album by rapper Young Jeezy and his fifth overall, released on September 2, 2008.
(Recessional (novel)) Recessional (1994), the final novel by American author James A. Michener, centers on life in a fictional retirement home and hospice known as The Palms.
(Recessional (poem)) "Recessional" is a poem by Rudyard Kipling, which he composed on the occasion of Queen Victoria's Diamond Jubilee in 1897. The poem expresses pride in the British Empire, but also an underlying sadness that the Empire might go the way of all previous empires. ...
(RECESSIONAL) The ceremonial procession at the conclusion of Mass led by parishioners trying to beat the crowd to the parking lot.
(recessional) aka "morris off". The morris dancers traditional farewell dance after performing for a crowd. The usual tune is "Bonny Green Garters". The opposite is the processional.
A period of falling output in the economy.
A recession is usually defined as a fall of a country’s real Gross National Product in two or more successive quarters of a year. A recession may also involve falling prices, which can lead to a depression. ...
A period of negative economic growth. In most parts of the world a recession is technically defined as two consecutive quarters of negative economic growth - when real output falls. ...
A downturn in economic activity, broadly defined by many economists as at least two consecutive quarters of decline in a nations gross domestic product.
A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. ...
A short-term decline in national business activity, usually lasting for at least three consecutive quarters of a fiscal year. ...
Two consecutive quarters with a decrease in economic output.
The cancellation of a contract. With respect to mortgage refinancing, the law that gives the homeowner three days to cancel a contract in some cases once it is signed if the transaction uses equity in the home as security.
The Budget Enforcement Act of 1990 defines a recession as either of two events: (1) if either the director of OMB or CBO determines that real economic growth is or will be negative during any two consecutive quarters over a six-quarter period starting with the quarter before the current quarter ...
Motion (increasing distance) away. [A84]
The short period centering on the peak of a business cycle; the start of business contraction. See also depression.
The decline in sea level before a tsunami. Recession is a natural warning sign that a tsunami is approaching.
A significant decline in general economic activity extending over a period of time. Usually declared after two consecutive quarters of declining gross domestic product.
Continuing landward movement of the shoreline ; a net landward movement of the shoreline over a specified period. (Ellis 1978)