economics
recession
A period of temporary economic decline, typically defined as two consecutive quarters of negative GDP growth.
Example
"During the recession, unemployment rose to 10% and consumer spending dropped sharply."
💡 Memory Tip
RE-cession — the economy RECEDES (pulls back). Like the tide going out.
Etymology
From Latin 'recessus' meaning 'a going back, retreat' — the economy retreats.
Common Misspellings
recesionreccessionrecssionrecesson
Related Terms
See Also
depressionunemploymenteconomic cycle