- recessionary
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a period of time when an economy or industry is doing badly, and business activity and employment decrease. Many economists consider that there is a recession when industrial production falls for six months in a row:
• The economy is heading into a recession.
• Analysts concluded that the US would get out of recession and interest rates would rise.
— compare depression— recessionary adjective :• We're in a recessionary period.
ˌdouble-dip reˈcession ECONOMICSa recession in which the economy begins to grow after a recession but then falls into a second recession before growing again* * *
recessionary UK US /rɪˈseʃənəri/ US /rɪˈseʃəneri/ adjective► ECONOMICS relating to a period, usually at least six months, of low economic activity, when investments lose value, businesses fail, and people lose their jobs: »They can handle the problems of slower growth or even a recessionary environment.
Financial and business terms. 2012.