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recession
(redirected from Real economic crisis)

    Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.04 sec.
See: capitulation, decline, erosion, outflow

RECESSION. A re-grant: the act of returning the title of a country to a government which formerly held it, by one which has it at the time; as the recession of Louisiana, which took place by the treaty between France and Spain, of October 1, 1800. See 2 White's Coll. 516.
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The cabaret's management says that the real economic crisis has not hit the club, where 100 euros (145 dollars) gets you a ringside seat and a half bottle of champagne and 1,000 euros gets you a VIP box.
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If it continues I think we will see a real economic crisis.
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