recession
1. re.ces.sion \ri-'sesh-*n\ \-*-.ner-e-\ n 1: the act or action of receding : WITHDRAWAL 2: a return procession 3: a period of reduced economic activity - re.ces.sion.ary aj 2. re.ces.sion \(')re--'sesh-*n\ n [re- + cession] : the act of ceding back