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1. • • A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine recessions.
     www.investopedia.com/terms/r/recession.asp

     Recession: Definition, Causes, Examples and FAQs - Investopedia

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   When does a recession occur?

   • A longstanding rule of thumb holds that a recession occurs when the economy shrinks for two consecutive quarters. On Thursday, July 28 the government will report gross domestic product, the broadest measure of the nation’s output of goods and services, for the April-June quarter.

   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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   Are very short periods of decline considered recessions?

   • Very short periods of decline are not considered recessions. Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation-adjusted) gross domestic product (GDP)—the value of all goods and services a country produces.

   Recession: When Bad Times Prevail

   www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Recession

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   How do you know if a recession is a serious problem?

   • In 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession: The most popular was two consecutive quarters of declining GDP. A healthy economy expands over time, so two quarters in a row of contracting output suggests there are serious underlying problems, according to Shiskin.

   Recession Definition: What Is A Recession? – Forbes Advisor

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   How long does a recession last?

   • Economists measure a recession's length from the prior expansion's peak to the downturn's trough. Recessions may last as little as a few months, but the economy may not recover to its former peak for years. An inverted yield curve has predicted the last 10 recessions, although some predicted recessions never materialized.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

   www.investopedia.com/terms/r/recession.asp

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   What are the characteristics of a recession?

   • Although each recession has unique features, recessions often exhibit a number of common characteristics: • They typically last about a year and often result in a significant output cost. In particular, a recession is usually associated with a decline of 2 percent in GDP.

   Recession: When Bad Times Prevail

   www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Recession

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   Is a recession under way?

   • The clearest signal that a recession is under way, economists say, would be a steady rise in job losses and a surge in unemployment. In the past, an increase in the unemployment rate of three-tenths of a percentage point, on average over the previous three months, has meant that a recession will soon follow.

   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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3. www.investopedia.com › terms › rRecession: Definition, Causes, Examples and FAQs - Investopedia

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   Apr 16, 2024 · A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine...

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

   apnews.com › article › inflation-covid-health-gross

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   Jul 28, 2022 · A longstanding rule of thumb holds that a recession occurs when the economy shrinks for two consecutive quarters. On Thursday, July 28 the government will report gross domestic product, the broadest measure of the nation’s output of goods and services, for the April-June quarter.

5. www.imf.org › Series › Back-to-BasicsRecession: When Bad Times Prevail

   www.imf.org › Series › Back-to-Basics

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   Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation-adjusted) gross domestic product (GDP)—the value of all goods and services a country produces. Although this definition is a useful rule of thumb, it has drawbacks.

6. www.forbes.com › advisor › investingRecession Definition: What Is A Recession? – Forbes Advisor

   www.forbes.com › advisor › investing

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   Feb 13, 2024 · A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross domestic product ...

7. www.whitehouse.gov › cea › written-materialsHow Do Economists Determine Whether the Economy Is in a

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   Jul 21, 2022 · A widely cited indicator of recessions (the “Sahm rule” named after economist Claudia Sahm) maintains that a recession is likely underway when the three-month moving average of the ...

8. www.pbs.org › newshour › economyHow to know when a recession has begun | PBS News

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   Jul 28, 2022 · Do two straight quarters of economic contraction equal a recession? That’s a common rule of thumb, but it isn’t an official definition. Still, in the past, it has been a useful measure.

9. crsreports.congress.gov › product › pdfSeptember 30, 2024 Defining Recession - CRS Reports

   crsreports.congress.gov › product › pdf

   A popular rule of thumb is that recessions feature at least two consecutive quarters of decreasing real (inflation adjusted) GDP, often characterized as “negative growth.”