recession
US /rɪˈsɛʃən/
・UK /rɪˈseʃn/
B2
noun
- Act of moving backward gradually
- A decline in a country's gross domestic product (GDP) for two or more consecutive quarters.
- Decreased business activity, when work is scarce
- A period of decline
other
- A period of temporary economic decline during which trade and industrial activity are reduced