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   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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   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

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   What causes a recession?

   • The market imbalances that cause recessions can be caused by geopolitics, economic cycles, and many other forces. The financial sector is always involved. Recessions usually start in one geographical area and spread to another. And unfortunately, higher volatility in the business environment has become a new normal.

   What is a recession? | McKinsey - McKinsey & Company

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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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   When does the economy officially fall into a recession?

   • The point where the economy officially falls into a recession depends on a variety of factors. 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.

   Recession Definition: What Is A Recession? – Forbes Advisor

   www.forbes.com/advisor/investing/what-is-a-recession/

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   How does a recession affect the economy?

   • In recent years, recessions have become less frequent and shorter in duration. Declines in economic output and employment that recessions cause can become self-perpetuating. For example, declining consumer demand can prompt companies to lay off staff, which affects consumer spending power, and can further weaken consumer demand.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

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

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

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   Feb 13, 2024 · 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...

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

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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...

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

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   Feb 19, 2024 · As two advanced economies slip into recession, economists warn of uncertain times ahead. But what is a recession and how can we tell if one is happening?

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

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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.perlego.com › study-guides › what-is-a-recessionWhat is a Recession? | Definition, Examples & Analysis - Perlego

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   Nov 8, 2023 · The 2008 recession is an example of a significant bust caused by financial factors. Examples of recessions caused by economic factors include the recent COVID-19 recession in the US, which even though short-lived, had significant negative impacts on the US economy.

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

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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.

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

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   Oct 11, 2022 · A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.