Two successive quarterly declines in GDP
Ronald Reagan: Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.
by LexAveNYC May 2, 2009
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Fat rich people telling poor hungry people they need to lose weight.
by vreno January 21, 2010
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Recession is the decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year. The term recession, however, has been utilized in recent decades by politicians to distort the economic outlook and reframe in more positive terms rather than have to address the looming economic depression.
Ralph: Dude, the feds just lowered interest rates and backed a takeover of a large investment bank after acknowledging that we might be in a recession.

Ted: This recession's been going on since Bush took over. How long until we call it an economic depression?
by Kate Sjostrand March 21, 2008
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1) the term that people use for a depression when they are trying to avoid the fact that it actually is a depression
2) when the economy sucks relly bad and you can't find a job because old people are working
My mom had to trade in her Mercedes for a stupid Geo because of the recession.
by The Friendly Yellow Letters March 22, 2009
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An excuse for people not to pay debts they owe.
ME: Yo! men its been 5months and you ain't paid the $50 bucks you owe me.

Buddy: Its the recession pal. I can't even earn me a dime.
by majornephew October 31, 2010
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a solid collection of prehistoric ingredients referring to the colossal time trap between the 18th and 19th centuries with a dash of tapioca pudding
You better pick up that recession over there by that turtle or else you will get pregnant and die.
by kdizzle90210 March 11, 2008
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A term for white people which refers to white people scientifically being "genetically recessive". This is why the "one drop rule" was created.
"Don't ever let these recessives make you feel like you're subhuman".
by IBTAL September 26, 2019
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