re·ces·sion
re·ces·sion/rəˈseSH(ə)n/
noun
- 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"synonyms: economic decline, downturn, depression, slump, slowdown, trough, credit crunch, credit squeeze, stagnation, stagflation, hard times, bust
- the action of receding; motion away from an observer.
People also ask
What exactly defines a recession?
What happens when in recession?
What is a recession easy way to explain?
What happens to prices during a recession?
A recession is a significant decline in economic activity that lasts longer than a few months.
Jul 21, 2022 · What is a recession? While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the ...
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 ...
A recession as a significant decline in economic activity spread across the economy, lasting more than a few months.
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity.
A recession is a significant and sustained decline in the economy that typically lasts longer than six months.
Feb 19, 2024 · The institution defines the event as “a significant decline in economic activity spread across the economy, lasting more than a few months, ...
A recession can be defined as a sustained period of weak or negative growth in real GDP (output) that is accompanied by a significant rise in the unemployment ...
a period, usually at least six months, of low economic activity, when investments lose value, businesses fail, and unemployment rises:.
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 ...