Definition of recession noun from the Oxford Advanced American Dictionary

     

    recession

     noun
    noun
    NAmE//rɪˈsɛʃn//
     
     
    jump to other results
  1. 1[countable, uncountable] a difficult time for the economy of a country, when there is less trade and industrial activity than usual and more people are unemployed the impact of the current recession on manufacturing The economy is in deep recession. policies to pull the country out of recession These industries have been hard hit by recession. Topic CollocationsThe Economymanaging the economy handle/run/manage the economy boost investment/spending/employment/growth stimulate demand/the economy/industry cut/reduce investment/spending/borrowing reduce/curb/control/keep down inflation create/fuel growth/demand/a boom/a bubble encourage/foster/promote/stimulate/stifle innovation/competition encourage/work with/compete with the private sector increase/boost/promote U.S./agricultural exports ban/restrict/block cheap/foreign imports the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming enjoy an economic/housing/property boomeconomic problems push up/drive up prices/costs/inflation damage/hurt/destroy industry/the economy cause/lead to/go into/avoid/escape recession experience/suffer a recession/downturn fight/combat inflation/deflation/unemployment cause/create inflation/poverty/unemployment create/burst a housing/stock market bubble cause/trigger a stock market crash/the collapse of the banking system face/be plunged into a financial/an economic crisis be caught in/experience cycles of boom and bustpublic finance cut/reduce/slash/increase/double the defense/education budget increase/boost/slash/cut public spending increase/raise/cut/lower/reduce taxes raise/cut/lower/reduce interest rates ease/loosen/tighten monetary policy balance the (state/federal) budget achieve/maintain a balanced budget run a ($4 trillion) budget deficit/surplus ⇨ more collocations at politics, voting
  2. 2 [uncountable] (formal) the movement backward of something from a previous position the gradual recession of the floodwaters
See the Oxford Advanced Learner's Dictionary entry: recession