A recession is a long period of time when business activity declines. Prices for goods fall, people lose their jobs so unemployment increases. Inflation and interest rates will go down, and company shares lose their value. People and companies can become bankrupt. 
- "recession from Wall Street Words". credoreference.com. 2011 [last update]. http://www.credoreference.com/entry/hmwsw/recession. Retrieved May 21, 2011.