recession

noun

1.
the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
2.
a small concavity
corner niche recess
3.
the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
recessional
4.
the act of ceding back
ceding back
Derived from:
recede
5.
the act of becoming more distant
receding
Derived from:
recede recessional