recession
//rɪˈseʃ.ən//
Noun
recessionSingular
recessionsPlural
1
A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
The country entered a recession after two quarters of negative economic growth.
2
The action of receding or withdrawing from a place or position.
The recession of the floodwaters revealed the damage to the town.