RECESSION

Recession

In economics, a recession is a business cycle contraction, It is a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.

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recession

Noun

  1. The act or an instance of receding or withdrawing.
  2. A period of reduced economic activity
    ''Statisticians often define a recession as negative, real GDP growth during two consecutive quarters.
  3. The ceremonial filing out of clergy and/or choir at the end of a church service.


The above text is a snippet from Wiktionary: recession
and as such is available under the Creative Commons Attribution/Share-Alike License.

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