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     telegraph.co.uk

     • 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 (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufacturing for an extended period of time.
     www.forbes.com/advisor/investing/what-is-a-recession/

     Recession Definition: What Is A Recession? – Forbes Advisor

2. People also ask

   What is a recession?

   • A quick and simple definition of a recession (used in the UK and EU) is – negative economic growth for two consecutive quarters. The US uses a more comprehensive definition of a recession which includes the NBER examining a range of data to see whether there is a significant decline in economic activity, measured by duration, depth and diffusion.

   Definition of a Recession - Economics Help

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   Is a recession a real thing?

   • Leading chief economists give their views There is no official, globally recognized definition of a recession. In 1974, US economist Julius Shiskin described a recession as “two consecutive quarters of declining growth”, and many countries still adhere to that. However, the US has since opted to use a more open definition.

   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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   What does a recession look like in the US?

   • The US uses a more comprehensive definition of a recession which includes the NBER examining a range of data to see whether there is a significant decline in economic activity, measured by duration, depth and diffusion. The NBER look for – falling GDP, rising unemployment, falling retail sales and lower industrial production.

   Definition of a Recession - Economics Help

   www.economicshelp.org/blog/459/economics/define-recession/

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   Is America in a recession?

   • In 1974, US economist Julius Shiskin described a recession as “two consecutive quarters of declining growth”, and many countries still adhere to that. However, the US has since opted to use a more open definition. The National Bureau of Economic Research (NBER) looks at a variety of factors when deciding whether or not America is in recession.

   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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   When does a recession start?

   • Equities markets often decline before an economic downturn, so investors may assume a recession has begun as investment losses accumulate and corporate earnings decline, even if other measures of recession remain healthy, such as consumer spending and unemployment.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

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

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   How does a recession affect the economy?

   • 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.

   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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3. 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...

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

   www.weforum.org › agenda › 2024

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   Feb 19, 2024 · There is no official, globally recognized definition of a recession. In 1974, US economist Julius Shiskin described a recession as “two consecutive quarters of declining growth”, and many countries still adhere to that.

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6. www.mckinsey.com › what-is-a-recessionWhat is a recession? | McKinsey - McKinsey & Company

   www.mckinsey.com › what-is-a-recession

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   Jul 11, 2024 · According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.

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

   www.investopedia.com › terms › r

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   Apr 16, 2024 · 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...

8. www.economist.com › 2022/09/02 › what-is-a-recessionWhat is a recession? - The Economist

   www.economist.com › 2022/09/02 › what-is-a-recession

   Sep 2, 2022 · In short, a period of significant decline in economic activity. A recession typically leads to drops in output and investment, falling profits for businesses and rising...

9. www.economicshelp.org › economics › define-recessionDefinition of a Recession - Economics Help

   www.economicshelp.org › economics › define-recession

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   Aug 11, 2022 · A recession is a period with a significant decline in economic activity characterised by falling GDP, rising unemployment and a decline in real incomes. A quick and simple definition of a recession (used in the UK and EU) is - negative economic growth for two consecutive quarters.

10. www.britannica.com › money › recessionRecession | Definition & Facts | Britannica Money

    www.britannica.com › money › recession

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    Sep 27, 2024 · recession, in economics, a downward trend in the business cycle characterized by a decline in production and employment, which in turn causes the incomes and spending of households to decline.