(noun) “[W]hen there are two or more consecutive quarters of economic decline” (OpenStax College 2012).
Audio Pronunciation: (re·ces·sion)
Download Audio Pronunciation: recession.mp3
- Plural: recessions
- A recession is compared and contrasted to a depression, with a depression lasting much longer.
- Sociologists and economists study (adjective) recessionary aspects topics.
OpenStax College. 2012. Economic Systems. Connexions, July 16, 2012. (http://cnx.org/content/m42922/1.4/).