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Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
CET is also known as Middle European Time (MET, German: MEZ) and by colloquial names such as Amsterdam Time, Berlin Time, Brussels Time, Budapest Time, Madrid Time, Paris Time, Stockholm Time, Rome Time, Prague time, Warsaw Time or Romance Standard Time (RST). The 15th meridian east is the central axis per UTC+01:00 in the world system of time ...
Central European Summer Time (CEST, UTC+02:00), sometimes referred to as Central European Daylight Time (CEDT), [1] is the standard clock time observed during the period of summer daylight-saving in those European countries which observe Central European Time (CET; UTC+01:00) during the other part of the year.
Such designations can be ambiguous; for example, "CST" can mean China Standard Time (UTC+08:00), Cuba Standard Time (UTC−05:00), and (North American) Central Standard Time (UTC−06:00), and it is also a widely used variant of ACST (Australian Central Standard Time, UTC+9:30). Such designations predate both ISO 8601 and the internet era; in ...
The time zone in Germany is Central European Time (Mitteleuropäische Zeit, MEZ; UTC+01:00) and Central European Summer Time (Mitteleuropäische Sommerzeit, MESZ; UTC+02:00). Daylight saving time is observed from the last Sunday in March (02:00 CET) to the last Sunday in October (03:00 CEST). The doubled hour during the switch back to standard ...
If present, a dagger (†) indicates the usage of a nautical time zone letter outside of the standard geographic definition of that time zone. Some zones that are north/south of each other in the mid-Pacific differ by 24 hours in time – they have the same time of day but dates that are one day apart. The two extreme time zones on Earth (both ...
An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
CEST or cest may refer to: Central European Summer Time (UTC+2), daylight saving time observed in the central European time zone; Cognitive-Experiential Self-Theory; Chemical Exchange Saturation Transfer, a subset of Magnetization transfer in MRI; Cest, a woman's girdle; Cest or Cesti, informal or plural for Cestus, an ancient battle glove