- "December marks the fourth anniversary of the official beginning of the Great Recession. Though the National Bureau of Economic Research deemed the recession to have ended in June 2009, to most Americans that conclusion seems not to square with reality."
Great Recession
noun; compounding
A turn of phrase of the "Great Depression" to refer to the current economic downturn. The term started to gain some credit after International Monetary Fund officials, analysts, and economists began to use it.
Etymology : The word "Depression" is clipped to form another compound ("Great" + "Recession")that rhymes with the original expression "Great Recession"
Source : Times November 29th, 2011
Last modified: 4 December 2011