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- Dictionaryre·ces·sion/rəˈseSH(ə)n/
noun
- 1. a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters: "the country is in the depths of a recession"
- 2. the action of receding; motion away from an observer.
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Apr 16, 2024 · A recession is a significant, pervasive, and persistent decline in economic activity. Economists measure a recession's length from the prior expansion's peak to the downturn's...
a period when the economy of a country is not doing well, industrial production and business activity are at a low level, and there are many people unemployed: [ U ] The country is mired in recession. [ C ] The Japanese economy is experiencing its worst recession in 20 years.
What is a Recession? Recession is a term used to signify a slowdown in general economic activity. In macroeconomics, recessions are officially recognized after two consecutive quarters of negative GDP growth rates. In the U.S., they are declared by a committee of experts at the National Bureau of Economic Research (NBER).
Feb 13, 2024 · A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross...
As two advanced economies slip into recession, economists warn of uncertain times ahead. But what is a recession and how can we tell if one is happening?
Dec 12, 2022 · One popular definition of recession is two consecutive quarters of economic contraction. Recessions are always caused by imbalances in the market, triggered by external or internal factors.
In economics, a recession is a business cycle contraction that occurs when there is a general decline in economic activity. [1] [2] Recessions generally occur when there is a widespread drop in spending (an adverse demand shock ).
Oct 20, 2023 · A recession is a trend of simultaneously slowing business and consumer activity, leading to negative growth as measured by gross domestic product (GDP) and other data series, such...
Sep 2, 2022 · In short, a period of significant decline in economic activity. A recession typically leads to drops in output and investment, falling profits for businesses and rising unemployment.
Oct 11, 2022 · A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.
