Crossword Genius

A refuge when there's a recession (7)

Ross

I believe the answer is:

retreat

I believe this clue is a double definition.

'a refuge' is the first definition.
(thesaurus)

'there's a recession' is the second definition.
(thesaurus)

'when' is the link.

(Other definitions for retreat that I've seen before include "Back away" , "unhappy manoeuvre" , "hermitage, perhaps" , "Pull back" , "It may be secluded" .)

I've seen this clue in the Evening Standard.
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