noun (n)

• the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year(noun.state)

  source: wordnet30
• a small concavity(noun.shape)

  Synonym:
  corner, niche, recess
  

  source: wordnet30
• the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service(noun.group)

  Synonym:
  recessional
  

  source: wordnet30
• the act of ceding back(noun.act)

  Synonym:
  ceding back
  

  source: wordnet30
• the act of becoming more distant(noun.act)

  Synonym:
  receding
  

  source: wordnet30
• The act of receding or withdrawing, as from a place, a claim, or a demand.(noun)

  source: webster1913
• The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.(noun)

  source: webster1913