What is the meaning of Recession?

The act or an instance of receding or withdrawing.

A period of low temperatures that causes a reduction in species; ice age.

A period of reduced economic activity

The ceremonial filing out of clergy and/or choir at the end of a church service.

The act of ceding something back.

A procedure in which an extraocular muscle is detached from the globe of the eye and reattached posteriorly.

Source: wiktionary.org