| Noun | 1. | recession - the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year | |
| 2. | recession - a small concavity | |
| 3. | recession - the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church serviceprocession - the group action of a collection of people or animals or vehicles moving ahead in more or less regular formation; "processions were forbidden" | |
| 4. | recession - the act of ceding back | |
| 5. | recession - the act of becoming more distant | |