recession vs receding

recession and receding both are nouns.

Word	Noun	Adjective	Verb	Adverb
recession	Yes	No	No	No
receding	Yes	Yes	No	No

As nouns, recession and receding are synonyms defined as:

recession (noun)	receding (noun)
the act of becoming more distant	the act of becoming more distant
the act of ceding back	a slow or gradual disappearance
the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
a small concavity
the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year

recession (adjective)	receding (adjective)
	(of a hairline e.g.) moving slowly back