RECESSION • DICCIONARIO INGLES.COM • Definition of Recession

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/rɪsˈɛʃən/ /rˌisˈɛʃən/ Listen

noun

Recession n.

The act of receding or withdrawing, as from a place, a claim, or a demand. "Mercy may rejoice upon the recessions of justice."

(Economics) A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.

A procession in which people leave a ceremony, such as at a religious service.

Recession n. The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.

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Etymology of 'Recession'

Collaborative International Dictionary of English 0.48

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"Recession" Quotes from Famous Books

... the conditions under which the gravel-banks were deposited and their probable age; and it is generally agreed that they date from the later portion of the Glacial period, or about the time of the final recession of the ice-sheet from this region. At that time, in its climate and general aspect, New York harbour must have been much like a Greenland fiord of the present day. In 1883 Professor Wright of Oberlin, after a careful study of the Trenton deposits and ...

— The Discovery of America Vol. 1 (of 2) - with some account of Ancient America and the Spanish Conquest • John Fiske

... Presidency of Mr. Lincoln. I could not but think the action of the seceding States unwise and dangerous to their future prosperity. On the other hand, this action had already been taken, and without any prospect of its revocation. Indeed, in the present frame of mind of the North, any steps toward recession seemed likely to precipitate the very evils which the secession of the states had been designed to anticipate. I believed slavery a disadvantage to the South, but no sin, and, in any event, an institution for which the Southerners of the present day were not responsible. ...

— Gilbertus Anglicus - Medicine of the Thirteenth Century • Henry Ebenezer Handerson

... democracy. Frederick Jackson Turner's frontier thesis, which has probably inspired more historical scholarship than any other American thesis, stated that "the existence of an area of free land, its continuous recession, and the advance of American settlement westward, explain American development."[5] That development took place on successive frontiers stretching from the Atlantic to the Pacific Coast over a period ...

— The Fair Play Settlers of the West Branch Valley, 1769-1784 - A Study of Frontier Ethnography • George D. Wolf

... of justice have rung through our national halls with no uncertain sound. With a pertinacity most exasperating to tyrants and infidels, but most welcome to the friends of human rights, Northern Senators and Representatives have presented the claims of the African race. With many a momentary recession, the tide has swept irresistibly onward. Hopes have been baffled only to be strengthened. Measures have been defeated only to be renewed. Defeat has been accepted but as the stepping-stone to new endeavor. Cautiously, warily, Freedom has lain in wait to rescue her wronged children. ...

— The Atlantic Monthly, Volume 15, No. 87, January, 1865 • Various

... 1997 Asian financial crisis highlighted the problems in the Vietnamese economy and temporarily allowed opponents of reform to slow progress toward a market-oriented economy. GDP growth averaged 6.8% per year from 1997 to 2004 even against the background of the Asian financial crisis and a global recession. Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy ...

— The 2008 CIA World Factbook • United States. Central Intelligence Agency.

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