Need another word for Recession? Use these synonyms of Recession from our thesaurus to say it differently.
Synonyms & Similar Words
downturn
slump
decline
depression
slowdown
contraction
stagnation
reversal
setback
collapse
crisis
emergency
hardship
difficulty
straits
pinch
austerity
stringency
scarcity
shortage
lack
insufficiency
deficiency
want
need
poverty
destitution
indigence
penury
bankruptcy
insolvency
liquidation
failure
downfall
ruin
disaster
calamity
catastrophe
adversity
misery
wretchedness
affliction
trouble
distress
hardship
suffering
pain
anguish
torment
agony
woe
Meaning of Recession
The primary meaning of the word "recession" is a period of economic decline.
Definitions
- A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two consecutive quarters.
- * The act of moving back or withdrawing, especially from a previous position or commitment.
- * A remote or secluded place, especially a bay or inlet.
Etymology of Recession
The word "recession" comes from the Latin "recessio", meaning a going back or withdrawal, which is derived from "recedere", meaning to go back.
Historically, the term has been used in various contexts, including economics, geography, and medicine, but its modern usage is predominantly associated with economic downturns.
Example Uses
- The country is experiencing a severe recession, with rising unemployment and falling consumer spending.
- * The company is planning to expand its operations despite the current recession.
- * The recession in the housing market has led to a significant decrease in property prices.