recession

noun6

1. •
   The act or an instance of receding or withdrawing.
2. •
   A period of reduced economic activity.

   • Statisticians often define a recession as negative real GDP growth during two consecutive quarters.
3. •
   The ceremonial filing out of clergy and/or choir at the end of a church service.
4. •
   A procedure in which an extraocular muscle is detached from the globe of the eye and reattached posteriorly.
5. •
   A period of low temperatures that causes a reduction in species; ice age.

   • Eastward in Bosnia, while the central European clime prevails, the thermic gradient does not follow the recession in the north latitude, but the elevation of the terrain. — 1955
6. •
   The act of ceding something back.