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Recession
/rɪˈseʃən/
A period when the economy of a country slows down, reducing business, trade, and employee earnings.
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Examples:
The market showed signs of recession with declining sales.
Uncertainty loomed due to the impending recession forecast.
He lost his job during the last economic recession era.
Etymology:
First used in the early 17th century, derived from the Latin word recessus, meaning to withdraw. Developed into the modern economic sense by the early 20th century.