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recession

Dictionary definition · recession

noun

  1. the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
  2. a small concavity
  3. the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
  4. the act of ceding back
  5. the act of becoming more distant

Source: Open English WordNet (CC BY 4.0).