recession
English meaning: Recession
English Definition
(English)A recession is a cyclical economic downturn — part of the business cycle of expansion, peak, contraction, and trough. Policy responses include monetary easing (lowering interest rates) and fiscal stimulus (government spending). The Great Depression (1929-39) and the 2008 Global Financial Crisis were severe global recessions. India avoided technical recession during COVID-19 but experienced its worst GDP contraction in decades.
English Definition
A significant decline in economic activity spread across an economy lasting more than a few months — technically defined as two consecutive quarters of negative GDP growth. Recessions are characterised by rising unemployment, falling consumer spending, and reduced investment.
Example
“The 2008 Global Financial Crisis triggered the worst recession since the Great Depression, wiping out millions of jobs worldwide and requiring unprecedented government bailouts.”
In English: “The 2008 financial crisis caused a global recession, prompting governments to deploy massive stimulus packages.”
Synonyms
- economic downturn
- slump
- contraction
Antonyms / Opposites
- expansion
- boom
- recovery
Literary Heritage
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness.”
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness.”
Images
CC-licensed · free to useVideo
Language information
- Language
- English
- English
- Script
- Latin
- Family
- Indo-European
- Speakers
- 1.5B