Akademik

recession
A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP. Bloomberg Financial Dictionary

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recession re‧ces‧sion [rɪˈseʆn] noun [countable, uncountable] ECONOMICS
a period of time when an economy or industry is doing badly, and business activity and employment decrease. Many economists consider that there is a recession when industrial production falls for six months in a row:

• The economy is heading into a recession.

• Analysts concluded that the US would get out of recession and interest rates would rise.

— compare depression
— recessionary adjective :

• We're in a recessionary period.

ˌdouble-dip reˈcession ECONOMICS
a recession in which the economy begins to grow after a recession but then falls into a second recession before growing again

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   A period of static or negative economic growth. Various nations have differing definitions but the US definition of two succeeding quarters of negative growth is widely used.

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recession UK US /rɪˈseʃən/ noun [C or U]
ECONOMICS 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.

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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.

Compare DEPRESSION(Cf. ↑depression)
See also DOUBLE-DIP RECESSION(Cf. ↑double-dip recession)

Financial and business terms. 2012.