The recession
Example: The recession caused many businesses to close last year.
Definition
"The recession" refers to a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. It often results in increased unemployment and reduced consumer spending.
Etymology
The term "the recession" comes from the Latin word 'recessio,' meaning a going back or withdrawal. It was adopted in economic contexts to describe a downturn or decline in economic activity. Did you know? The word originally referred to a retreat or withdrawal before becoming associated with economic cycles.
Learn to use this word actively
"The recession" appears in the Vocaplus list "English - History - (B2) - set 1", containing 210 commonly used words.
Would you like to not only understand these words, but also remember them and use them actively? Create a free account and select English as the language you want to learn.
Create a free account
