(ふきょう)

ふきょう
noun
recession
1. recession, economic slump
A period of temporary economic decline.
The company went bankrupt due to the recession.
Escape from the recession.
Suffer from a prolonged recession.
Tax cuts were implemented as a recession countermeasure.

WORD FORMATION:
() (not) + (きょう) (situation/condition) = bad economic situation

ANTONYM:
好況(こうきょう): prosperity, economic boom

COMMON EXPRESSIONS:

RELATED ECONOMIC TERMS:

  • 景気(けいき): economic conditions
  • 恐慌(きょうこう): economic panic/depression (more severe)