The company has devised a simple but clever strategy to survive the globalrecession.
Times, Sunday Times (2010)
With soaring oil prices and a globalrecession, airlines are suffering.
Times, Sunday Times (2009)
The financial crisis and globalrecession showed how interconnected the world economy is.
Times, Sunday Times (2009)
Definition of 'recession'
recession
(rɪseʃən)Explore 'recession' in the dictionary
variable noun
A recession is a period when the economy of a country is doing badly, for example because industry is producing less and more people are becoming unemployed.