recession
Meaning: A period of temporary economic decline during which trade and industrial activity are reduced, typically defined as two consecutive quarters of falling GDP.
A recession is less severe than a depression and is a normal, if painful, part of the economic cycle. During recessions, unemployment typically rises, consumer spending falls, and businesses may cut back or close. The 2008 financial crisis caused the deepest global recession since the 1930s.
Examples
- The economy officially entered a recession after GDP fell for two consecutive quarters. GDP连续两个季度下降后,经济正式进入衰退。La economía entró oficialmente en recesión tras dos trimestres consecutivos de caída del PIB.GDPが2四半期連続で低下した後、経済は正式に景気後退に入った。GDP가 2분기 연속 하락한 후, 경제는 공식적으로 경기 침체에 진입했다.
- Many small businesses did not survive the recession of 2008. 许多小企业没能挺过2008年的经济衰退。Muchas pequeñas empresas no sobrevivieron a la recesión de 2008.多くの中小企業が2008年の景気後退を乗り越えられなかった。많은 중소기업이 2008년의 경기 침체를 견디지 못했다.
- Government spending was increased in an attempt to pull the country out of recession. 政府增加了财政支出以试图使国家走出衰退。Se aumentó el gasto público en un intento de sacar al país de la recesión.政府は国を景気後退から脱却させるべく、歳出を増加させた。정부는 경기 침체에서 벗어나기 위해 재정 지출을 확대했다.
Pronunciation
Usage Guide
Context: professional, media
Tone: neutral
Origin & History
From Latin recessio (a going back, retreat), from recedere (to go back), from re- (back) + cedere (to go). The economic sense developed in the mid-20th century.
Cultural Context
Era: Modern
Generation: All ages
Social background: Universal
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