Difference between receding and recession

[Kelly]

Test No. incompl/advan-9 "Finance (1)", question 1

The one big fear of all world economies is that of ..........

(a) regression
(b) repression
(c) recession
(d) receding

Test No. incompl/advan-9 "Finance (1)", answer 1

The one big fear of all world economies is that of recession.

Correct answer: (c) recession

Your answer was: incorrect
The one big fear of all world economies is that of receding.
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I wonder if you can explain to me what is the different between receding and recession?

[Torsten]

Well, the first difference is that receding is an adjective while recession is a noun.

TOEIC listening, photographs: The Colosseum