The phrase "recession phase" refers to a period of time when the economy of a country is not doing well. It means that businesses are struggling, people may lose jobs, and the overall financial situation is not positive.
Sentences with «recession phase»
In Patagonia we noticed a short readvance within a general recession phase of the outlet glaciers around the early 1990s. (realclimate.org)
Wht if we face one more recession phase like we had in 2008. (relakhs.com)
That's why you'll see Treasury rates fall during the recession phase of the business cycle. (thebalance.com)