Ed Braaten on Nostr: Definition of Recession: noun The act of receding or withdrawing, as from a place, a ...
Definition of Recession:
noun
The act of receding or withdrawing, as from a place, a claim, or a demand
A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.
Job statistics aren't really how you determine if you are in a recession.
https://www.wordnik.com/words/recession
noun
The act of receding or withdrawing, as from a place, a claim, or a demand
A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.
Job statistics aren't really how you determine if you are in a recession.
https://www.wordnik.com/words/recession