The Newspeak Dictionary is revised constantly so as to control our thoughts by controlling our vocabulary. Usually this is applied to cultural issues, because politics is downstream of culture. But this method of manipulation can be applied to any topic, including economics. The word “recession” has not been abolished yet — but it has now been redefined:

For a sensible definition of “recession” and related terms, we can paraphrase Ronald Reagan. Recession is when your neighbor loses his job; depression is when you lose yours; recovery is when Democrats have been pried loose from power.

On a tip from Occam’s Stubble.