recession

Definitions

A period of temporary economic decline during which trade and industrial activity are reduced.

The action of receding or moving back from a previous position.

Examples

Many small businesses struggled to survive during the recent economic recession.

Economists are debating whether the country is heading toward a deep recession.

The government implemented new fiscal policies to help the nation recover from the recession.

Synonyms

downturn slump depression stagnation contraction decline slowdown

Antonyms

growth expansion boom prosperity upswing recovery advancement