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Definition of Recession


  1. The act of receding or withdrawing, as from a place, a claim, or a demand.
  2. The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.

Recession Quotations

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

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

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.
Stephen Harper

The job numbers are positive. We've had more jobs created now than were lost during the recession. We're seeing that the creation, we're seeing those numbers not only grow but shift toward the private sector and shift toward full-time employment and these are all signs that the recovery is taking some hold but we're not out of woods.
Stephen Harper

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
Warren Buffett
More "Recession" Quotations

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