B2 a period when the economy of a country is not successful and conditions for business are bad(经济)衰退期
More examples
A lot of companies have been adversely affected by the recession.
For the second time in ten years, the government has driven the economy into deep and damaging recession.
Demand for new cars has fallen due to the recession.
Until recently the country's economy has been insulated from recession by its reserves of raw materials.
The recession has led to many small businesses going bankrupt.
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