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Recession   Listen
noun
Recession  n.  
1.
The act of receding or withdrawing, as from a place, a claim, or a demand. "Mercy may rejoice upon the recessions of justice."
2.
(Economics) A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.
3.
A procession in which people leave a ceremony, such as at a religious service.






Collaborative International Dictionary of English 0.48








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"Recession" Quotes from Famous Books



... Presidency of Mr. Lincoln. I could not but think the action of the seceding States unwise and dangerous to their future prosperity. On the other hand, this action had already been taken, and without any prospect of its revocation. Indeed, in the present frame of mind of the North, any steps toward recession seemed likely to precipitate the very evils which the secession of the states had been designed to anticipate. I believed slavery a disadvantage to the South, but no sin, and, in any event, an institution for which the Southerners of the present day were not responsible. ...
— Gilbertus Anglicus - Medicine of the Thirteenth Century • Henry Ebenezer Handerson

... democracy. Frederick Jackson Turner's frontier thesis, which has probably inspired more historical scholarship than any other American thesis, stated that "the existence of an area of free land, its continuous recession, and the advance of American settlement westward, explain American development."[5] That development took place on successive frontiers stretching from the Atlantic to the Pacific Coast over a period ...
— The Fair Play Settlers of the West Branch Valley, 1769-1784 - A Study of Frontier Ethnography • George D. Wolf

... of justice have rung through our national halls with no uncertain sound. With a pertinacity most exasperating to tyrants and infidels, but most welcome to the friends of human rights, Northern Senators and Representatives have presented the claims of the African race. With many a momentary recession, the tide has swept irresistibly onward. Hopes have been baffled only to be strengthened. Measures have been defeated only to be renewed. Defeat has been accepted but as the stepping-stone to new endeavor. Cautiously, warily, Freedom has lain in wait to rescue her wronged children. ...
— The Atlantic Monthly, Volume 15, No. 87, January, 1865 • Various

... 1997 Asian financial crisis highlighted the problems in the Vietnamese economy and temporarily allowed opponents of reform to slow progress toward a market-oriented economy. GDP growth averaged 6.8% per year from 1997 to 2004 even against the background of the Asian financial crisis and a global recession. Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy ...
— The 2008 CIA World Factbook • United States. Central Intelligence Agency.

... that one sees, not so much in practice as in contact with normal married couples, the trouble reminds one of the orang-outang in Kipling's story who had "too much Ego in his Cosmos." Marriage, to be successful, is based on a graceful recession of the ego in the cosmos of each of the partners. The prime difficulty is this; people do not like to recede the ego. And the worst offenders are the ones who are determined to stand up for the right, which usually is a disguised way of naming ...
— The Nervous Housewife • Abraham Myerson

... feet." He had said that the soul that flashed from her pages was more intense than any soul in Shakespeare or Balzac. "They had created many, she but one incomparable soul—her own, and in surging drift of vehement aspiration, and in recession of temporal things we hear the singing of the stars, the beating of ...
— Evelyn Innes • George Moore

... largest gas exporter; and it ranks fourteenth for oil reserves. Algiers' efforts to reform one of the most centrally planned economies in the Arab world began after the 1986 collapse of world oil prices plunged the country into a severe recession. In 1989, the government launched a comprehensive, IMF-supported program to achieve economic stabilization and to introduce market mechanisms into the economy. Despite substantial progress toward economic adjustment, in 1992 the reform drive stalled as Algiers ...
— The 1997 CIA World Factbook • United States. Central Intelligence Agency.

... GDP averaged 8% during 1991-97, but fell to half that level in 1998 because of tight monetary policies implemented to keep the current account deficit in check and because of lower export earnings - the latter a product of the global financial crisis. A severe drought exacerbated the recession in 1999, reducing crop yields and causing hydroelectric shortfalls and electricity rationing, and Chile experienced negative economic growth for the first time in more than 15 years. Despite the effects of the recession, Chile ...
— The 2003 CIA World Factbook • United States. Central Intelligence Agency

... by law to the growth in reserves. Inflation fell sharply in subsequent years. In 1995, the Mexican peso crisis produced capital flight, the loss of banking system deposits, and a severe, but short-lived, recession; a series of reforms to bolster the domestic banking system followed. Real GDP growth recovered strongly, reaching 8% in 1997. In 1998, international financial turmoil caused by Russia's problems and increasing investor anxiety over Brazil produced the highest domestic interest rates ...
— The 2002 CIA World Factbook • US Government

... sharply upward in the early 1770's. The recovery from the recession of the 1760's soothed many ruffled feelings and Virginians were "once more a happy people." Unfortunately it was a false prosperity. The old economic problems reappeared in 1773. Overproduction of tobacco, overextension of credit by British merchants, speculation in lands ...
— The Road to Independence: Virginia 1763-1783 • Virginia State Dept. of Education

... proved that the colour of a luminous body, like the pitch or note of a sounding body, must be changed by velocity of approach or recession. Everyone has noticed on a railway that, on meeting a locomotive whistling, the note is lowered after the engine has passed. The pitch of a sound or the colour of a light depends on the number of waves striking the ear or eye ...
— History of Astronomy • George Forbes

... inarticulate, shy. He unlocked the door and entered the cold, bare room—familiar, unlovely, with a certain power of primitive associations. In such a room he had studied his primer and his Ray's Arithmetic. In such a room he had made gradual recession from the smallest front seat to the back wall seat; and from one side of such a room to the other he had furtively ...
— Other Main-Travelled Roads • Hamlin Garland

... mechanically expanded, and give it out when they are mechanically condensed. Thus when a vibration of the particles of hard bodies is excited by friction or by percussion, these particles mutually recede from and approach each other reciprocally; at the times of their recession from each other, the body becomes enlarged in bulk, and is then in a condition to attract heat from those in its vicinity with great and sudden power; at the times of their approach to each other this heat is again given out, but the bodies in contact having in the mean while received the heat ...
— The Botanic Garden - A Poem in Two Parts. Part 1: The Economy of Vegetation • Erasmus Darwin

... the English had taken possession after peace had been declared, and had not the right to hold the country. When France demanded the recession King Charles held off, and the Kirkes were unwilling to yield up the government, as they found great profit in the fur trade. But needing money sorely, and as the Queen's dowry as a French princess had only been half paid, he made this a condition, ...
— A Little Girl in Old Quebec • Amanda Millie Douglas

... to the magnetic curve, or line of magnetic force, passing through the place where the crystal is situated.' The magne-crystallic force, moreover, appears to him 'to be clearly distinguished from the magnetic or diamagnetic forces, in that it causes neither approach nor recession, consisting not in attraction or repulsion, but in giving a certain determinate position to the mass under its influence.' And then he goes on 'very carefully to examine and prove the conclusion that there was no connection of the force with ...
— Faraday As A Discoverer • John Tyndall

... and a warmer situation, about 3000 or 4000 feet above the sea, it melts so rapidly that, in spite of the downward movement of the mass, it can advance no farther. Its precise limits are variable from year to year, and still more so from century to century; one example being on record of a recession of half a mile in a single year. We also learn from M. Venetz, that whereas, between the eleventh and fifteenth centuries, all the Alpine glaciers were less advanced than now, they began in the seventeenth and eighteenth centuries to push forward, ...
— The Antiquity of Man • Charles Lyell

... and has a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Nevertheless, following decades of mismanagement and statist policies, the economy has encountered major problems in recent years, leading to escalating inflation and a recession in 1988-90. A widening public-sector deficit and a multidigit inflation rate have dominated the economy over the past three years; retail prices rose nearly 5,000% in 1989 and another 1,345% in 1990. Since 1978, Argentina's external debt ...
— The 1991 CIA World Factbook • United States. Central Intelligence Agency.

... is true, it may be said, that there has been within the past few years a rapid spread of prohibition in almost every part of the country; but the thing itself is sixty years old, has had its periods of advance and recession, and is now, in the fullness of time, reaping the fruits of two generations of agitation, investigation, and education. But to say this is to overlook the distinctive feature of the present situation regarding prohibition in the United States. A ...
— The Unpopular Review, Volume II Number 3 • Various

... oaths, charging them with a Yankee canine descent, to halt and surrender; and, not heeding the call, some of them were shot down with the muzzles of the muskets almost touching their bodies. By the recession of the two regiments on the flank the rear of the four regiments in the woods became exposed. They were attacked at the same time by Forrest in front, and by Cleburne on their right and rear, and were speedily dislodged. The attack was pressed with ...
— The Battle of Spring Hill, Tennessee - read after the stated meeting held February 2d, 1907 • John K. Shellenberger

... of us almost heartless to deprive the Martians who still remained alive of any of the provisions which they themselves would require to tide them over the long period which must elapse before the recession of the flood should enable them to discover the sites of their ruined homes, and to find the means of sustenance. But necessity was now our only law. We learned from Aina that there must be stores of provisions in the neighborhood of the palace, because it was the custom of the Martians ...
— Edison's Conquest of Mars • Garrett Putman Serviss

... with the clearing off of the original forest or other vegetation, in which case their recession is to a certain extent unavoidable, and the fauna which has established itself in the presence of cultivation is needed to replace ...
— Project Gutenberg Encyclopedia

... often associate with the prizefighter, he looked as if he might somehow be a gentleman. And when I got for a moment a full view of his face as he turned round, I thought it showed power and intelligence, although his forehead receded a good deal, a recession which was owing mainly to the bone above the eyes. Power and intelligence too were seen in every glance of his dark bright eyes. In a few minutes Wilderspin's name was again uttered by this man, and I found he was telling anecdotes of the eccentric ...
— Aylwin • Theodore Watts-Dunton

... feeder—that is, its descent and recession—was generally attained by means of a spring. The drop and ascent are now effected by means of a separate eccentric in Singer's machine. Uncertainty of action in the feed, once a cause of much inconvenience, ...
— Scientific American Supplement, No. 598, June 18, 1887 • Various

... tardy about appearing, or after it is out, a recession takes place, the Alcoholic Vapor bath will soon bring it out. (See ...
— An Epitome of Homeopathic Healing Art - Containing the New Discoveries and Improvements to the Present Time • B. L. Hill

... the pineal, and discussed immortality with his physicians. It is probable that these thymus and pineal effects are indirect through their action upon the sex glands. For in the types with persistent juvenile thymus there occurs a maldevelopment of the sex glands, while in those with early pineal recession the sex glands bloom simultanously with the appearance of adolescent hair and mental traits. The hastening of sexual hair by tumors of the adrenal gland may also be put down to a release from restraint of ...
— The Glands Regulating Personality • Louis Berman, M.D.

... preparing with all the earnestness of distress to retire, into the country; when nothing is to be heard but the hopes of speedy departure, or the complaints of involuntary delay; I have often been tempted to inquire what happiness is to be gained, or what inconvenience to be avoided, by this stated recession? Of the birds of passage, some follow the summer and some the winter, because they live upon sustenance which only summer or winter can supply; but of the annual flight of human rovers it is much harder to assign the reason, because they do ...
— The Works of Samuel Johnson, LL.D, In Nine Volumes - Volume the Third: The Rambler, Vol. II • Samuel Johnson

... round and round in a horizontal circle whose radius was about equal to half the length of the rope, which I forgot to say was nearly twenty feet long. His shrieks, crescendo in approach and diminuendo in recession, made the rapidity of his revolution more obvious to the ear than to the eye. He had evidently not yet been struck in a vital spot. His posture in the sack and the distance from the ground at which he hung compelled the ram to operate upon his ...
— The Collected Works of Ambrose Bierce, Volume 8 - Epigrams, On With the Dance, Negligible Tales • Ambrose Bierce

... extended blockade against England. This implied that all other vessels, neutral or belligerent, were marked for destruction. However that might be, Berlin, finding its approaches repulsed, boldly denied that the German Government had been a party to initiating any overtures at all. No recession of the submarine program was thought of or proposed; no change of policy was possible In fact, this denial brought with it tidings that the periods of grace Germany granted to neutral ships entering ...
— The Story of the Great War, Volume VI (of VIII) - History of the European War from Official Sources • Various

... probably carried away by feeling, he all but recognized the Virginia Confederate Government as competent to bring the state back into the Union. While in Richmond on April 5, 1865, he gave to Judge Campbell a statement of terms: the national authority to be restored; no recession on slavery by the executive; hostile forces to disband. The next day he notified General Weitzel, in command at Richmond, that he might permit the Virginia Legislature to meet and withdraw military and other support from the Confederacy. But these measures met strong opposition ...
— The Sequel of Appomattox - A Chronicle of the Reunion of the States, Volume 32 In The - Chronicles Of America Series • Walter Lynwood Fleming

... heat, light, and electricity. Like them, when reduced to its lowest terms, music is a form of motion, and it should not be difficult on this analogy to construct a theory which would account for the physical phenomena which accompany the hearing of music in some persons, such as the recession of blood from the face, or an equally sudden suffusion of the same veins, a contraction of the scalp accompanied by chilliness or a prickling sensation, or that roughness of the skin called goose-flesh, "flesh moved by an idea, flesh horripilated ...
— How to Listen to Music, 7th ed. - Hints and Suggestions to Untaught Lovers of the Art • Henry Edward Krehbiel

... number of the American Museum, we find the following article. It bears intrinsic evidence of coming from the same pen, and presents in a striking point of view the rapid extension of our settlements, and the consequent recession of ...
— Great Indian Chief of the West - Or, Life and Adventures of Black Hawk • Benjamin Drake



Words linked to "Recession" :   recede, cession, concave shape, pharyngeal recess, economic condition, concavity, ceding, incurvature, ceding back, corner, incurvation, niche, recess



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