/rɪˈseʃn/

re·ces·sion

BrE /rɪˈseʃn/

NAmE /rɪˈseʃn/

[C, U]

a difficult time for the economy of a country, when there is less trade and industrial activity than usual and more people are unemployed

the impact of the current recession on manufacturing

The economy is in deep recession.

policies to pull the country out of recession

The economy

Managing the economy

handle/run/manage the economy

boost investment/spending/employment/growth

stimulate demand/the economy/industry

cut/reduce investment/spending/borrowing

reduce/curb/control/keep down inflation

create/fuel growth/demand/a boom/a bubble

encourage/foster/promote/stimulate/stifle innovation/competition

encourage/work with/compete with the private sector

increase/boost/promote US/agricultural exports

ban/restrict/block cheap/foreign imports

the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming

enjoy an economic/housing/property boom

Economic problems

push up/drive up prices/costs/inflation

damage/hurt/destroy industry/the economy

cause/lead to/go into/avoid/escape recession

experience/suffer a recession/downturn

fight/combat inflation/deflation/unemployment

cause/create inflation/poverty/unemployment

create/burst a housing/stock market bubble

cause/trigger a stock market crash/the collapse of the banking system

face/be plunged into a financial/an economic crisis

be caught in/experience cycles of boom and bust

Public finance

cut/reduce/slash/increase/double the defence/(especially US) defense/education/aid budget

increase/boost/slash/cut public spending

increase/put up/raise/cut/lower/reduce taxes

raise/cut/lower/reduce interest rates

ease/loosen/tighten monetary policy

balance the (state/federal) budget

achieve/maintain a balanced budget

run a ($4 trillion) budget deficit/surplus

➡ collocations at politics, vote

[U] (formal)

the movement backwards of sth from a previous position

the gradual recession of the floodwater