(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

Usage Notes:

  • 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.

Related Terms: 



OpenStax College. 2012. Economic Systems. Connexions, July 16, 2012. (