recession recession /rɪ ˈsɛ ʃən/
- (n) the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
- (n) the act of becoming more distant
- (n) the act of ceding back
- (n) the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
- (n) a small concavity
- Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that economic pain will persist.
- Once the recession is no longer exerting pressure against price boosts, the deficits can cause them to speed up again.
- It's official, we've been in a recession for a year now.
- Brace yourself for another recession and more economic volatility. Bond giant Pimco believes there is a 60% chance of another global recession in the next few years.on June 12, 2013 Source: CNN Money
- High debt levels have raised the chances of a global recession in the next three to five years to more than 60 percent, said Pimco, which manages the world's largest bond fund.on June 12, 2013 Source: CNBC
- High debt levels have raised the chances of a global recession in the next three to five years to more than 60 percent, said Pimco, which manages the world's largest bond fund.on June 12, 2013 Source: CNBC via Yahoo! Finance
- "The recession dug us a hole of about 8 million jobs deep, and we continue to fight headwinds from volatile global markets, so we still have a great deal of work to do to repair the economy and get the American people back to work," Obama said.on Jul 2, 2010 By: Barack Obama Source: ABC News
- "If the public-option plan is in there, as a matter of conscience I will not allow this bill to come to a final vote, because I believe the debt [incurred by the bill] can break America and send us into a recession that is worse than the one we are...on Nov 8, 2009 By: Joe Lieberman Source: Voice of America
- "You've heard of mental depression; this is a mental recession," Gramm, a former Texas senator, told the newspaper, adding that the presumptive Republican nominee will face an uphill battle fighting those perceptions.on Jul 10, 2008 By: Phil Gramm Source: FOXNews