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• 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.

• recess
• niche
• corner
• recessional
• ceding back
• receding

News & Articles

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• 60% chance of global recession: Pimco
  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.
  June 12, 2013 - CNN Money
• 60% Chance of Recession: Pimco
  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.
  June 12, 2013 - CNBC via Yahoo! Finance
• Pimco Sees a 60% Chance of Recession in 3-5 Years
  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.
  June 12, 2013 - CNBC

Quotes

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• Barack Obama in ABC News
  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.
• Phil Gramm in FOXNews
  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... Joe Lieberman http://www.google.com/url?q=http://en.wikipedia.org/wiki/Joe_Lieberman&source=dictionary&usg=AFQjCNGOIPwMWmBmG_bXFxt6Y1inBkJAzQ Voice of America http://www.google.com/url?q=http://www.voanews.com/english/2009-11-08-voa21.cfm&source=dictionary&usg=AFQjCNEkKYe2D26xGn5N8E-nhWF3qLQecA Nov 8, 2009 81057 108925 recession 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.