Recession (noun)

1. A period of economic decline during which trade and industrial activity are reduced, typically accompanied by a fall in prices.
2. A temporary decline in economic activity as measured by gross domestic product (GDP) or other indicators.

Origin:

Early 17th century (denoting a withdrawal or retreat): from latin recessus, from recedere "go back".

Examples:

1. The country is currently in a recession.
2. The recession lasted for almost two years.
3. The recession caused many businesses to close and many people to lose their jobs.
4. The government has implemented measures to try to boost the economy and end the recession.
5. This recession is different from the one in 2008, it is caused by a pandemic.