#1 recession n. the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year. wn
#2 recession n. [recess, niche, corner] a small concavity. wn
#3 recession n. [recessional] the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service. wn
#4 recession n. [ceding back] the act of ceding back. wn
#5 recession n. [receding] the act of becoming more distant. wn
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