[rɪˈsɛʃn], (Noun)

Definitions:
- 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
(e.g: the country is in the depths of a recession)

- the action of receding; motion away from an observer


Phrases:

Origin:
early 17th century (denoting a temporary suspension of work or activity): from Latin recessio(n-), from recess- ‘gone back’, from the verb recedere (see recede)