recession

Meanings

• Noun

  A significant decline in economic activity spread across a large number of industries and sectors. It is typically marked by high unemployment, falling business and consumer confidence, and a decline in Gross Domestic Product (GDP).

  - "The global economy experienced a recession in the late 2000s."
  - "Many businesses struggled during the recession."

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Antonyms

boom

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Synonyms

procession , return , withdrawal

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Rhymes

Words rhyming with recession
depression , impression , expression

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Variants

List of all variants of recession that leads to same result
recession , recessionary , recessions , anti-recession , pre-recession , prerecession

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'recession' comes from the Latin word 'recessus', which means 'drawing back' or 'retreat'. In economic terms, it refers to a period of economic downturn and shrinking economic activity.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The longest recorded recession was the Great Depression, which lasted from 1929 to 1939.

2. The term 'recession' was first used in the economic sense in the late 1800s.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Depression: A more severe form of economic downturn than a recession, characterized by prolonged economic stagnation, high unemployment, and widespread poverty.

2. Business Cycle: The fluctuation in economic activity between periods of expansion (growth) and contraction (recession).

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Recessions have been depicted in various forms of literature, art, and music. For instance, the Great Depression of the 1930s was a major theme in novels like 'The Grapes of Wrath' by John Steinbeck, as well as in songs like 'Brother Can You Spare a Dime?' by E.Y. Harburg.

How to Memorize "recession"

1. visualize
   

   - Visualize a large economy shrinking, with factories closing, businesses going bankrupt, and people losing their jobs.

2. associate
   

   - Associate the term 'recession' with economic hardship, high unemployment, and a decline in economic activity.

3. mnemonics
   

   - Remember the acronym 'Rising Prices, Falling Production' to help memorize the definition of a recession.

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