recession
noun [ C or U ] uk/rɪˈseʃ.ən/ us/rɪˈseʃ.ən/
B2 （经济）衰退期
a period when the economy of a country is not successful and conditions for business are bad
The country is sliding into the depths of (a) recession. 这个国家一步步滑入经济衰退的谷底。
- More examples
- A lot of companies have been adversely affected by the recession.
- For the second time in ten years, the government has driven the economy into deep and damaging recession.
- Demand for new cars has fallen due to the recession.
- Until recently the country's economy has been insulated from recession by its reserves of raw materials.
- The recession has led to many small businesses going bankrupt.