dictionary.pt

dictionary.pt

recession

nounfemininetechnicalcommon/ʁɨsɨˈsɐ̃w̃/re·ces·são

Definition

1

A significant decline in economic activity spread across the economy, lasting more than a few months.

Usage examples

“The central bank raised interest rates to combat inflation, risking a recession.”
“The manufacturing sector was hit hardest during the recession.”