What is the other name for recession? In this page you can discover 39 synonyms, antonyms, idiomatic expressions, and End. words for recession, like: bankruptcy, withdrawal, retreat, collapse, return, depression, abatement, bust, declension, decline and retrocession.
What is a simple definition of recession? A recession can be defined as a sustained period of weak or negative growth in real GDP (output) that is accompanied by a significant rise in the unemployment rate. Many other indicators of economic activity are also weak during a recession.
What is the base word of recession? Recession comes from the Latin word recessus, meaning “a going back, retreat.” Think of all the things that get made and sold in a country. When fewer people buy things, orders for them slow down. The sales “go back” to a lower amount. This is an economic recession.
What is the meaning of recession in Oxford dictionary? An overall decline in economic activity mainly observed as a slowdown in output and employment. It is not as severe or prolonged as a depression.