Business
recession
noun
Definition
A period of temporary economic decline, marked by a fall in GDP and rising unemployment.
In a sentence
“The 2008 financial crisis triggered a global recession that lasted several years.”
Synonyms
economic downturnslumpdepression
Common collocations
- economic recession
- trigger a recession
- recover from recession
More from Business
entrepreneur
noun
A person who organises and operates a business, taking on financial risk to do so.
globalisation
noun
The process by which businesses develop international influence or operate on an international scale.
revenue
noun
Income generated by a business from its normal business activities.
supply chain
noun
The network of organisations involved in producing and delivering a product to the consumer.