Definition of Recession

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Recession

The act of receding or withdrawing, as from a place, a claim, or a demand.

The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.

Related Definitions:

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Recession Quotations

Recession is when a neighbor loses his job. Depression is when you lose yours.
Ronald Reagan

When we were at peace, Democrats wanted to raise taxes. Now there's a war, so Democrats want to raise taxes. When there was a surplus, Democrats wanted to raise taxes. Now that there is a mild recession, Democrats want to raise taxes.
Ann Coulter

The people that make this country work, the people who pay on their mortgages, the people getting up and going to work, striving in this recession to not participate in it, they're not the enemy. They're the people that hire you. They're the people that are going to give you a job.
Rush Limbaugh

It's a recession when your neighbor loses his job; it's a depression when you lose yours.
Harry S. Truman

If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.
Jeffrey Sachs

In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.
Giovanni Agnelli

The attacks on the World Trade Center and the current economic recession, which is particularly powerful in New York City, have put a number of building plans on hold for the time being.
David Rockefeller

No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.
Lester Bangs

As sure as the spring will follow the winter, prosperity and economic growth will follow recession.
Bo Bennett

We are in the middle of an education recession.
Rod Paige

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