recession

(noun) the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year.

(noun) a small concavity. Synonyms: recess, niche, corner.

(noun) the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service. Synonyms: recessional.

(noun) the act of ceding back. Synonyms: ceding back.

(noun) the act of becoming more distant. Synonyms: receding.