W-shaped recession
An economic downturn where key indicators such as GDP and employment plummet sharply, briefly rebound, dip again, and then recover fully, forming a W pattern on a chart.
recession
UK /ɹɪˈsɛʃn̩/ US /ɹɪˈsɛʃn̩/
noun 5
Definitions
noun
1
The act or an instance of receding or withdrawing.
[…]that light may break forth from the deepest enclosures of darkness, and mercy may rejoice upon the recessions of justice, and grace may triumph upon the ruin of sin, and God may be glorified in the miracles of our conversion, and the wonders of our preservation and glories of our being saved.
2
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.
Had this climate recession not occurred, the settlements might have provided the first real bridgehead into the continent of America, rather than being rediscovered by Columbus and later by Cabot.
3
A period of reduced economic activity.
Statisticians often define a recession as negative real GDP growth during two consecutive quarters.
In past recessions, drugstores were virtually immune from a turndown.
4
The ceremonial filing out of clergy and/or choir at the end of a church service.
5
The act of ceding something back.
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