recessionrɪˈsɛʃ ən
recession (n)
- plural
- recessions
English Definitions:
recession (noun)
the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
recess, recession, niche, corner (noun)
a small concavity
recession, recessional (noun)
the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
recession, ceding back (noun)
the act of ceding back
receding, recession (noun)
the act of becoming more distant
recession (Noun)
The act or an instance of receding
recession (Noun)
A period of reduced economic activity
recession (Noun)
The ceremonial filing out of clergy and/or choir at the end of a church service.
Recession
In economics, a recession is a business cycle contraction, 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. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters.Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply and decreasing interest rates or increasing government spending and decreasing taxation.
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