Noun recession has 5 senses
  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
    --1 is a kind of
    financial condition, economic condition
  2. recess, recession, niche, corner - a small concavity
    --2 is a kind of concave shape, concavity, incurvation, incurvature
    --2 has particulars: pharyngeal recess
  3. recession, recessional - the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
    --3 is a kind of procession
  4. recession, ceding back - the act of ceding back
    --4 is a kind of cession, ceding
    Derived forms: verb recede2, verb recede3
  5. receding, recession - the act of becoming more distant
    --5 is a kind of withdrawal
    Derived form: verb recede4