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recession

US /rɪˈsɛʃən/

noun Advanced · C1 Tài chính & ngân sách

Definition

the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year

Tested in TOEIC business and workplace contexts.

Examples

Many small firms closed during the recession because customers stopped spending.

Word Family

NounNoun
recession gốc receding recessional
VerbVerb
recede
AdjectiveAdj
recessional
AdverbAdv
—

Synonyms

  • downturna worsening of business or economic activity
  • economic declinehaving a meaning similar to recession
  • slumpa noticeable deterioration in performance or quality

Collocations

  • Easy suffer during a recession
    to suffer during a recession, meaning to undergo or be subjected to
  • Medium enter an economic recession
    to join, participate, or input into an agreement or space regarding an economic recession
  • Hard steer the business through a global recession
    to steer the business through a global recession, meaning to direct the course; determine the direction of travelling
  • Very Hard plunge into prolonged double-dip recession
    to plunge into prolonged double-dip recession, meaning to thrust or throw into

Learner's English edition · Curated definitions for TOEIC learners.