recession
Downturn in commerce
Recession is a period of economic decline, typically defined as two consecutive quarters of falling GDP.
During a recession, unemployment rises, spending drops, and businesses contract: The 2008 recession devastated the housing market.
More generally, recession means withdrawal or receding: the recession of floodwaters, gum recession.
The word implies pulling back from a previous position or level.
Economic decline period
- contractionReduction in size
- slumpExtended period of decline
- shrinkageDecrease in size
- slowdownReduction in pace
stagnation · deflation · trough · correction · dip · slide · downswing · decline
Lender seizes mortgaged property
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
- debtMoney owed another
- defaultPreset standard option
eviction · repossession · poverty · struggle · deprivation · homelessness · bailout · stimulus
Mass job eliminations
- redundanciesUnneeded duplications or repetitions
- downsizingReducing workforce or scale
- furloughsTemporary work absences
- severanceTermination pay or disconnection
Reducing expenditures deliberately
- cutbacksReductions in spending
- frugalityEconomical resource management
- economizingReducing expenditures deliberately
- restraintControl over impulses
streamlining · consolidation · savings · curtailment · retrenchment · tightening · prudence · rationing
Persistent apprehensive distress
- uncertaintyState of being unsure
- pessimismExpecting unfavorable outcomes
- fearEmotional response to threat
- gloomPervasive dimness or dejection
panic · malaise · insecurity · worry · doom-and-gloom
Return after deflection
- upturnImprovement in conditions
- expansionIncrease in scope
- growthIncrease in size
- revivalReturn after decline
resurgence · bounce-back · stabilization · improvement · stimulus · V-shaped · U-shaped · L-shaped
downturn
Economic decline period
- contractionReduction in size
- slumpExtended period of decline
- shrinkageDecrease in size
slowdown · stagnation · deflation · trough · correction · dip · slide · downswing · decline · bust
foreclosure
Lender seizes mortgaged property
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
- debtMoney owed another
default · eviction · repossession · poverty · struggle · deprivation · homelessness · bailout · stimulus · breadline
layoffs
Mass job eliminations
- redundanciesUnneeded duplications or repetitions
- downsizingReducing workforce or scale
- furloughsTemporary work absences
belt-tightening
Reducing expenditures deliberately
- cutbacksReductions in spending
- frugalityEconomical resource management
- economizingReducing expenditures deliberately
restraint · streamlining · consolidation · savings · curtailment · retrenchment · tightening · prudence · rationing
anxiety
Persistent apprehensive distress
- uncertaintyState of being unsure
- pessimismExpecting unfavorable outcomes
- fearEmotional response to threat
gloom · panic · malaise · insecurity · worry · doom-and-gloom
rebound
Return after deflection
revival · resurgence · bounce-back · stabilization · improvement · stimulus · V-shaped · U-shaped · L-shaped · W-shaped
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- business troublesbankruptcy, crisis, failure, insolvency, layoffs
- economic crisisdepression, collapse, downturn, contraction, bust
- hard timeshardship, struggle, struggling, unemployment, tough times
- slumpsslump, lull, losing streak, cold streak, rut
- work problemslayoff, firing, low pay, burnout, deadline pressure
recessionboom
Loud deep sound
expansion · growth · recovery · prosperity · economic expansion
recessionadvance
Move or progress forward
advancement · progression · approach · progress · procession
- economic recessionSustained decline in output
- global recessionInternational economic decline
- Great RecessionMajor 2008 economic decline
- gum recessionLoss of gum tissue
- double-dip recessionEconomy falls, recovers, falls again
- recessional musicMusic closing a ceremony
recessions, precession, recessional, recessionary, recessionals, recessionproof