La recesión
Example: La recesión afectó gravemente la economía del país en 2008.
Definition
"La recesión" 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 leads to increased unemployment and decreased consumer spending.
Etymology
The term "la recesión" comes from the Spanish adaptation of the Latin word 'recessio,' meaning 'a going back' or 'withdrawal.' Did you know? The economic sense of 'recession' started to be widely used in the 20th century to describe downturns in economic activity.
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"La recesión" appears in the Vocaplus list "Spanish - History - (B2) - set 1", containing 210 commonly used words.
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