Search results
- Dictionaryeconomic recession
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 government should focus on averting an economic recession"
Powered by Oxford Dictionaries
Apr 16, 2024 · Recession: A recession is a significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale ...
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 domestic product ...
Feb 19, 2024 · While the risk of a global recession is lower in the year ahead, two G7 economies dipped into recession at the end of 2023. ... This can increase consumer confidence and stimulate spending, as the cost of borrowing is lower, meaning the cost of buying items such as cars and homes is also less. To keep unemployment at bay, ...
The Bureau of Economic Analysis, an independent federal agency that provides official macroeconomic and industry statistics, says "the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation" and that instead, "The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research".
Jul 11, 2024 · A recession is the part of an economic cycle that involves an economic contraction. A recession is the part of an ... One way to prepare is to put in some prep work now for the next recession, whenever it comes. That means doing scenario planning, putting together a risk management strategy, ...
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.
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 as the ...
Sep 2, 2022 · In some countries, including Britain, France and Germany, the convention is that two quarters of negative GDP growth indicates a recession. But many economists believe this definition is too narrow.
A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough.” Consistent with this definition, the Committee focuses on a comprehensive set of measures—including not only GDP, but also employment, income, sales, and industrial production—to analyze the trends in economic activity.
Jun 24, 2022 · None of this means that a recession will begin for sure. It’s important to keep in mind that the job market is still strong, and that’s an important pillar of the economy.
