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1. www.forbes.com › what-happens-during-a-recessionWhat Happens During A Recession? - Forbes

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   Aug 23, 2023 · The National Bureau of Economic Research (NBER) defines a recession as a significant decline that lasts for more than a few months and affects the broader economy, not just a particular...

2. www.investopedia.com › articles › economicsUS Recessions Throughout History: Causes and Effects

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   May 31, 2024 · Recessions are a persistent downturn in economic activity. Here we look at the causes and effects of major U.S. recessions since the Great Depression.

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     What causes an economic recession? - Richard Coffin

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     Here's What Caused the Great Recession | History

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     What is a recession? | CNBC Explains

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4. www.invesco.com › what-is-a-recessionWhat is a recession, and how does it affect the economy?

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   Sep 26, 2024 · A recession is a significant decline in economic activity that is spread across the economy and lasts for an extended period. It may include drops in GDP, income, employment, manufacturing, and retail sales.

5. www.stlouisfed.org › on-the-economy › 2022Do Key Economic Indicators Point to a U.S. Recession? | St ...

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   Sep 26, 2022 · The release of U.S. GDP data for the second quarter of 2022 showed the second consecutive negative GDP growth rate, leading many to believe that the country is now in a recession.

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6. www.usatoday.com › story › moneyWhat is a recession? The economic concept explained. What ...

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   Oct 11, 2022 · A mild recession could cost the economy as little as a few hundred thousand jobs or up to 1.8 million jobs if the nation’s gross domestic product, or economic output, declines 1.2%, and the...

7. apnews.com › article › inflation-covid-health-grossIs the U.S. economy in a recession? Here’s how to tell. | AP News

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   Jul 28, 2022 · The Fed’s rapid rate hikes have raised the likelihood of recession in the next two years to nearly 50%, Goldman Sachs economists have said. And Bank of America economists now forecast a “mild” recession later this year, while Deutsche Bank expects a recession early next year.

8. People also ask

   What is a recession & why is it important?

   • But economists tend to believe this oversimplifies matters. A recession is a significant decline in economic activity that is spread across the economy and lasts for an extended period. It may include drops in GDP, income, employment, manufacturing, and retail sales.

   What is a recession, and how does it affect the economy?

   www.invesco.com/us/en/insights/what-is-a-recession.html

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   What exactly is a recession?

   • Recessions are officially declared by the obscure-sounding National Bureau of Economic Research, a group of economists whose Business Cycle Dating Committee defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”

   Is the U.S. economy in a recession? Here’s how to tell ... - AP News

   apnews.com/article/inflation-covid-health-gross-domestic-product-economy-89cbfc145ad34a91679ffa43e617c896

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   Is the US in a recession?

   • A common rule of thumb for identifying recessions is experiencing two consecutive quarters of negative gross domestic product (GDP) growth. The release of U.S. GDP data for the second quarter of 2022 showed the second consecutive negative GDP growth rate, leading many to believe that the country is now in a recession.

   Do Key Economic Indicators Point to a U.S. Recession?

   www.stlouisfed.org/on-the-economy/2022/sep/us-recession-what-key-economic-indicators-say

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   How does a recession affect the economy?

   • During a recession, the economy shrinks as a result of a pullback in spending, mostly by consumers and businesses. "Consumption, consumer spending makes up about 70% of the U.S. economy," Samana said, explaining that during a recession, the cutback in spending "then feeds into overall demand for services."

   What is a recession? A guide to the economic concept and what it means

   www.usatoday.com/story/money/2022/10/11/recession-economy-explained/10154620002/

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   How much does a mild recession cost the economy?

   • A mild recession could cost the economy as little as a few hundred thousand jobs or up to 1.8 million jobs if the nation’s gross domestic product, or economic output, declines 1.2%, and the unemployment rate rises from a 50-year low of 3.5% to 5.4%. What is a severe recession?

   What is a recession? A guide to the economic concept and what it means

   www.usatoday.com/story/money/2022/10/11/recession-economy-explained/10154620002/

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   When does a recession start & end?

   • The institution defines the event as “ a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators. "A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough."

   Explainer: What is a recession? - The World Economic Forum

   www.weforum.org/agenda/2024/02/what-is-a-recession-economy-definition-explainer/

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9. www.weforum.org › agenda › 2024Explainer: What is a recession? - The World Economic Forum

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   Feb 19, 2024 · Besides a prolonged decline in gross domestic product (GDP), one of the most obvious measures of a recession is the unemployment rate. When this begins to rise, it can trigger a domino effect of economic consequences as demand for goods and services slows down.