Recession - A significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income, and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country"s GDP.
A decrease in economic activity (usually measured in terms of Gross National Product or GNP) for two consecutive quarters. A severe recession is known as a depression.
Recession : a significant decline in activity spread across the economy, lasting longer than a few months. it is visible in industrial production, employment, real income, and wholesale-retail trade. the technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country"s gdp.
a decrease in economic activity (usually measured in terms of gross national product or gnp) for two consecutive quarters. a severe recession is known as a depression.
Recession