Longman Dictionary of Contemporary English homepage

recession

 noun
     
Related topics: Economics
re‧ces‧sion S2 W3 [uncountable and countable]
PE a difficult time when there is less trade, business activity etc in a country than usual:
the economic recession of the early 1980s
There is deep recession in the UK.
into/out of recession
attempts to pull the country out of recession
Definition from the Longman Dictionary of Contemporary English
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