recession
/ˌɹiˈsɛʃən/
a significant decline in economic activity lasting months
recession in a sentence
“The recession caused unemployment to spike.”
Origin of recession
Latin recessio a going back, from recedere to go back
Related Words
fiscal policy
government spending and taxation decisions
monetary policy
central bank actions affecting money supply and interest rates
aggregate demand
total demand for goods and services in an economy
multiplier effect
the amplified impact of spending through successive rounds
stagflation
stagnant growth combined with high inflation
trade deficit
when imports exceed exports