1. a period of temporary economic decline during which trade and industrial activity are reduced
Usage: economics
2. the action of withdrawing or going back
Usage: formal

Examples

• The country entered a recession after the stock market crash.
• Many businesses closed during the economic recession.
• Unemployment rates typically rise during a recession.
• The recession lasted for eighteen months.
• The recession of the glacier revealed ancient rock formations.
• There was a gradual recession of the floodwaters.
• The recession of his hairline became more noticeable over time.