recession

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Recession

A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP. The official NBER definition of recession (which is used to date U.S. recessions) is: A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades. The start and end dates are determined by the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER). It is a popular misconception that a recession is indicated simply by two consecutive quarters of declining GDP, which is true for most, but not all recession. NBER uses monthly data to date the start and ending months of recessions.

Recession

A prolonged economic retraction. While there is no technical definition of a recession, they are conventionally defined by two or more consecutive quarters of negative GDP growth. Recessions are marked by declines in productivity and investment and high unemployment. See also: Depression.

recession

An extended decline in general business activity. The National Bureau of Economic Research formally defines a recession as three consecutive quarters of falling real gross domestic product. A recession affects different securities in different ways. For example, holders of high-quality bonds stand to benefit because inflation and interest rates may decline. Conversely, stockholders of manufacturing firms will probably see company profits and dividends drop.
Case Study After nearly a year of falling commodity prices, rising unemployment, increasing personal and corporate bankruptcies, falling stock prices, and declining public confidence, the National Bureau of Economic Research made it official and on November 26, 2001, declared a recession. The announcement wasn't a surprise to hundreds of thousands of people who had lost their jobs and an even greater number of investors who had experienced substantial losses in the stock market. The bureau's Business Cycle Dating Committee of six academic economists determined the recession commenced in March 2001, when economic activity stopped growing. Although many economists use declines in gross domestic product to define a recession, the NBER Dating Committee examined employment, industrial production, manufacturing and trade sales, and personal income. The country's last previous recession lasted eight months and ended in March 1991. The subsequent ten-year period of uninterrupted growth between March 1991 and March 2001 was the longest in America's history.

Recession.

Broadly defined, a recession is a downturn in a nation's economic activity. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices.

Recessions are typically shorter than the periods of economic expansion that they follow, but they can be quite severe even if brief. Recovery is slower from some recessions than from others.

The National Bureau of Economic Research (NBER), which tracks recessions, describes the low point of a recession as a trough between two peaks, the points at which a recession began and ended -- all three of which can be identified only in retrospect.

The Conference Board, a business research group, considers three consecutive monthly drops in its Index of Leading Economic Indicators a sign of decline and potential recession up to 18 months in the future. The Board's record in predicting recessions is uneven, having correctly anticipated some but expected others that never materialized.

recession

see BUSINESS CYCLE.

recession

a phase of the BUSINESS CYCLE characterized by a modest downturn in the level of economic activity (ACTUAL GROSS NATIONAL PRODUCT). Real output and investment fall, resulting in rising UNEMPLOYMENT. A recession is usually caused by a fall in AGGREGATE DEMAND and, provided that the authorities evoke expansionary FISCAL POLICY and MONETARY POLICY, it can be reversed. See DEFLATIONARY GAP, DEMAND MANAGEMENT.

recession

Technically, two successive quarters of falling gross domestic product as judged by the National Bureau of Economic Research, a private nonprofit, nonpartisan research organization founded in 1920.Commonly,a time of general economic slowdown.

References in periodicals archive ?
Sugiere entonces que un criterio para detectar las fases de auge o recesion en la economia, sera comparar el ingreso observado, en un periodo dado, con el ingreso permanente.
Clase III: Recesion que llega hasta la LMG o que la sobrepasa.
Asi, lo que sigue se organiza en apartados: en el primero se examina la vinculacion entre los ciclos economicos de Estados Unidos y Mexico a nivel agregado y sectorial considerando tanto la recesion de 2009 como la expansion de 2010-2012 que marca el inicio de una nueva fase del ciclo economico en ambos paises; en el segundo apartado se revela la diversidad ciclica regional en la recesion de 2009 y la expansion de 2010-2012 y se la contrasta con una tipologia regional que atiende al perfil productivo sectorial-regional; en el tercer apartado se propone una ecuacion de ciclo regional que da cuenta de la diversidad recesiva regional; finalmente, se presentan las principales conclusiones.
Si estamos viendo que la economia entro en una ligera recesion, aunque esta como que queriendo salir de esa recesion, y empezamos con una politica recaudatoria, quitando ingresos a los hogares e incentivos a las empresas, la economia puede volver a caer.
30) Sin embargo, existen contrariedades, en un analisis de datos mas reciente se mostro que la relacion entre el cepillado y la recesion gingival no es concluyente.
En definitiva, el libro del profesor Estefania es una coleccion de ensayos sobre el estado animico creado por la Gran Recesion.
Jason Schommer, vicepresidente senior en una oficina de corretaje de propiedades en los Hamptons, un exclusivo sector residencial de la costa de Long Island, explica que en su mercado, al atacar la recesion, no bajaron los precios de las casas sino que las ventas simplemente se detuvieron de un ano para otro.
Clase I: Recesion de tejido marginal que no se extiende hasta la linea mucogingival.
Naturalmente, esa precarizacion no solo ha determinado una ampliacion extraordinaria de la brecha de la desigualdad, sino tambien ha significado un estrechamiento del mercado interno, que le impide funcionar como dinamizador de la economia y, por lo tanto, aumenta la vulnerabilidad frente a las etapas de recesion o lento crecimiento de la economia de Estados Unidos.
Los temores ante una eventual recesion en el Reino Unido se sintieron con fuerza en el mundo empresarial del pais.
Esta experiencia le ha servido a Santilli para liderar la estrategia de Pepsico en Mexico, pais en que tambien ha tenido que enfrentar una dura recesion.
Con carteles que proclamaban "Wall Street es responsable", los manifestantes reclamaron el fin de las primas concedidas a los banqueros, a los que responsabilizan por la recesion y el colapso del credito en Estados Unidos.