recession
Meaning
A recession is a significant decline in economic activity across the economy that lasts for an extended period, typically recognized by a decrease in GDP, employment, and consumer spending.
💡 A common mistake is to confuse a recession with a depression, as the latter is a more severe and prolonged economic downturn.
Example Sentences
Never forget "recession"
Set a daily goal, reinforce with word cards and games, and track your progress in the Vocab5000 app — learn every B2 level word permanently with our science-based repetition system.
