recession
ri se shuhn
- 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 a small concavity
- n the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
- n the act of ceding back
- n the act of becoming more distant
- Read "Where the Recession Proof Jobs Are".
- Once the recession is no longer exerting pressure against price boosts, the deficits can cause them to speed up again.
- Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that economic pain will persist.