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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...
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...
In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." [4]
What is a recession? A recession is a prolonged period of negative economic growth in a country. It's 1 of 4 phases in the endless economic circle of life, spanning from growth to peak to recession to trough (aka the bottom of the recession)—and back again.
While it can be defined in a couple of ways, put simply, a recession is a significant and sustained decline in economic activity that persists for months or even years.
The meaning of RECESSION is the act or action of receding : withdrawal. How to use recession in a sentence.
recession, in economics, a downward trend in the business cycle characterized by a decline in production and employment, which in turn causes the incomes and spending of households to decline.
"A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough." Like national recessions, a consensus on the definition of a global recession has yet to be reached.
According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.
A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.