recession
definition
a period of temporary economic decline during which trade and industrial activity are reduced
example
The country entered a recession, leading to a significant rise in unemployment rates and business closures.
synonyms
declinedepressiondownturn
word origin — The word 'recession' originates from the Latin 'recessio', meaning 'a going back', derived from 'recedere', which means 'to go back' or 'withdraw'.