recession
nounfemininetécnico/ʁɨsɨˈsɐ̃w̃/medium
re·ces·são
Definition
A significant decline in economic activity spread across the economy, lasting more than a few months.
The central bank raised interest rates to combat inflation, risking a recession.
The manufacturing sector was hit hardest during the recession.
Etymology
Do latim 'recessio, -onis'.