Definition of "recession" in English

noun

1. The act or an instance of receding or withdrawing.

2. A period of low temperatures that causes a reduction in species; ice age.

3. (economics) A period of reduced economic activity.

   • Statisticians often define a recession as negative real GDP growth during two consecutive quarters.

4. The ceremonial filing out of clergy and/or choir at the end of a church service.

5. The act of ceding something back.

6. (surgery) A procedure in which an extraocular muscle is detached from the globe of the eye and reattached posteriorly.