Crossword Genius

Perhaps ConservativeHome seized by slow type, heading for recession (8)

Ross

I believe the answer is:

slumping

I'm a little stuck... Click here to teach me more about this clue!

'perhaps conservativehome seized' is the definition.
I can't tell whether this definition defines the answer.

'slow type heading for recession' is the wordplay.
'slow type heading' becomes 'ing' (I can't justify this - if you can you should believe this answer much more).
'for' says to put letters next to each other (I've seen this in other clues).
'recession' becomes 'slump' (I've seen this before).
'ing' put after 'slump' is 'SLUMPING'.

'by' acts as a link.

Can you help me to learn more?

I've seen this clue in The Guardian.
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