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Từ vựng:

RECESSION

Giải nghĩa:

/rɪˈsɛʃən/ – Noun


Definition: việc hồi nhượng đất đai, việc trả lại đất đai, sự suy thoái.

A more thorough explanation: In legal terms, a recession refers to a period of economic decline characterized by a decrease in GDP (Gross Domestic Product), employment, and trade, typically lasting for at least two consecutive quarters.

Example: During the recession, many businesses were forced to lay off employees in order to cut costs.