The recession
Example: The recession caused many businesses to close across the country.
Definition
"The recession" refers to a significant decline in economic activity across the economy lasting for a prolonged period. It often results in reduced consumer spending, higher unemployment, and business closures, as seen when "the recession" caused many businesses to close across the country.
Etymology
The term "the recession" originates from the Latin word 'recessio,' meaning 'a going back' or 'withdrawal.' It was adopted in economic contexts to describe periods when economic growth temporarily reverses or slows down. Did you know? The term became widely used during the Great Depression era to describe the economic downturn.
Learn to use this word actively
"The recession" appears in the Vocaplus list "English - History - (B2) - set 1", containing 210 commonly used words.
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