Refuse to go into recession (7)
I believe the answer is:
decline
This clue is a triple definition!
'refuse' is the first definition.
(I know that refuse can be written as decline)
'to go' is the second definition.
(thesaurus)
'into' is a link.
'recession' is the third definition.
(I've seen this in another clue)
(Other definitions for decline that I've seen before include "perform grammatical exercise" , "Say no or lose strength" , "Turn down; deteriorate" , "Evelyn Waugh novel" , "go through cases" .)