Recession

B2 16+
  • Frequency of Use
    60 %
  • Retention Rate
    75 %
  • Complexity
    70 %
  • Recession Meanings

    noun a period of temporary economic decline during which trade and industrial activity are reduced

    Fields related to recession

    Finance

    A period of reduced economic activity, often characterized by a decrease in consumer spending, investment, and overall economic output.

    Business

    A downturn in economic activity that can impact businesses by reducing consumer demand, leading to lower sales and potential layoffs.

    Employment

    A time when job opportunities may be limited, leading to higher unemployment rates and difficulty in finding new employment.

    Economics

    A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a decrease in GDP for two consecutive quarters.

    Policy Making

    A critical consideration for policymakers to address through fiscal and monetary measures to stimulate economic growth and mitigate negative impacts.

    Occupation Usage of recession

    Writer

    A writer may discuss the impact of a recession on various industries in their articles or books.

    Psychologist

    A psychologist may study the psychological effects of a recession on individuals and communities.

    Economist

    An economist may analyze data to understand the causes and consequences of a recession.

    Financial Analyst

    A financial analyst may provide recommendations on how to navigate investment strategies during a recession.

    Business Consultant

    A business consultant may advise companies on how to adjust their operations during a recession to remain profitable.

    Policy Maker

    A policy maker may implement economic policies to mitigate the effects of a recession on the overall economy.

    Accountant

    An accountant may help businesses assess their financial health during a recession and make necessary adjustments.

    Human Resources Manager

    A human resources manager may oversee workforce planning and restructuring in response to a recession.

    Entrepreneur

    An entrepreneur may need to adapt their business model to survive and thrive during a recession.

    Real Estate Agent

    A real estate agent may see changes in the housing market due to a recession and adjust their strategies accordingly.

    Consolidated Statistics about recession

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