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recession |
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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. Notes: Recession is a normal (albeit unpleasant) part of the business cycle. A recession generally lasts from six to eighteen months.Interest rates usually fall in recessionary times to stimulate the economy by offering cheap rates at which to borrow money. See also: Bear Market, Boom, Business Cycle, Double Dip Recession, Economy, GDP, Hard Landing, Interest Rates, Soft Landing Recession A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP.
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