recession
Word family
- recessnounC1
- recessverbC2
- recedeverbB2
- recessionaryadjectiveC1
- recessiveadjectiveC2
Synonym discussion
Sense: noun/1
Recession, depression, downturn, and slump all describe periods of weak economic activity, but they differ in severity, formality, and duration. A recession is the standard term for a moderate decline lasting months to a couple of years — it is the most neutral and widely used in news and official reports. A depression is far more severe, with a prolonged collapse in output and employment that can last a decade; the term is reserved for historical catastrophes like the Great Depression. Downturn is the mildest and most informal of the four — it can describe any short-term negative shift, even a single bad quarter, without implying a technical recession. Slump suggests a sudden, sharp fall, often in a particular sector (e.g. a housing slump), and carries a slightly dramatic tone. Compare: 'After a brief downturn in sales, the company recovered quickly' — but 'During the recession, the entire region lost jobs' — and 'The Great Depression forced millions into poverty for over a decade.'
Common collocations
Etymology
Recession entered English in the mid-1600s via Latin 'recessus', meaning 'a going back.' The Latin noun comes from 'recedere' — formed from 're-' ('back') and 'cedere' ('to go, yield'). Its original sense was a physical retreat or withdrawal. The modern economic meaning, referring to a general decline in business activity, dates from the early 20th century, and became standard during the Great Depression as a less alarming alternative to 'depression.'