Die Rezession
Example: Die Rezession in den 1930er Jahren beeinflusste viele Länder stark.
Definition
"Die Rezession" refers to a period of economic decline characterized by a decrease in GDP, reduced industrial activity, rising unemployment, and lower consumer spending. It often impacts multiple countries and can lead to significant social and economic challenges, as seen in the 1930s worldwide downturn.
Etymology
The word "die Rezession" comes from the Latin 'recessio,' meaning 'a going back' or 'withdrawal.' It entered German via Late Latin and French, reflecting the idea of an economic retreat. Did you know? The term was popularized in economics during the 19th century to describe periods of economic contraction.
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"Die Rezession" appears in the Vocaplus list "", containing 210 commonly used words.
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