- recession
- "temporary decline in economic activity," 1929, from recess (q.v.):
"The material prosperity of the United States is too firmly based, in our opinion, for a revival in industrial activity -- even if we have to face an immediate recession of some magnitude -- to be long delayed." ["Economist," Nov. 2, 1929]
Ayto notes, "There was more than a hint of euphemism in the coining of this term." Recessive in genetics is 1900, from Ger. recessiv (Mendel, 1865).