recession

B2
UK /rɪˈseʃn/US /rɪˈseʃn/

Meaning

noun
a difficult time for the economy of a country, when there is less trade and industrial activity than usual and more people are unemployed
How do you assess the impact of the current recession on manufacturing?

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As luck would have it though, as soon as I became CEO we had we had the Great Recession, an earthquake, and tsunami, and a recall that meant I had to testify

📺 Akio Toyoda at Babson's Centennial Commencement (2019)Learn this word in the video →

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As luck would have it though, as soon as I became CEO we had we had the Great Recession, an earthquake, and tsunami, and a recall that meant I had to testify

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