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

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   Apr 16, 2024 · A recession is a significant, pervasive, and persistent decline in economic activity. Economists measure a recession's length from the prior expansion's peak to the downturn's...

2. 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.

3. Videos

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     What is a recession? | CNBC Explains

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     What is a Recession? Recession Explained 2024 | How to prepare for a recession 2024

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     Recession Explained | What is a Recession? | Are We in a Recession Now 2023?

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4. www.cpacanada.ca › news › canadaAn economist explains: What to know about a recession

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   WHAT IS A RECESSION? A recession is defined as two financial quarters of decline in economic activity. However, while many are worried about a possible recession, unemployment is not rising, explains Brassard.

5. www.politifact.com › article › 2022What exactly is a recession? Sorting out a confusing topic

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   Jul 26, 2022 · What is the official definition of a recession? The two-quarter rule gained a foothold because of its simplicity for the public, news outlets, and politicians, said Ernie Goss, a Creighton ...

6. turbotax.intuit.ca › tips › how-will-a-recessionHow Will a Recession Impact My Finances? | 2023 TurboTax ...

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   Sep 14, 2022 · What is a recession? In simplest terms, a recession means that the economy is in a slow down or dormant phase, where unemployment rises, prices of certain items like gas or food increase, and company stock prices drop.

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

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   Feb 13, 2024 · NBER has its own definition of what constitutes a recession, namely “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in...

8. People also ask

   What constitutes a recession?

   • NBER has its own definition of what constitutes a recession, namely “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

   Recession Definition: What Is A Recession? – Forbes Advisor

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   What is a recession & how does it affect the economy?

   • Recessions hit us when the Gross Domestic Product (GDP)–the total market value of all goods and services produced by a country within a specific time frame—shrinks for 6 months. If you hear people talk about “inflation”, this means your dollar has less buying power today than it did yesterday due to the higher cost of the item in demand.

   How Will A Recession Impact My Finances? | 2022 TurboTax® Canada T…

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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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   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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   Is the US a recession?

   • The nation’s GDP already fell by 1.6% in the first quarter of 2022, so if it falls for a second straight quarter, there will be growing calls to declare that the U.S. is a recession — adding to President Joe Biden’s litany of economic woes, which already include 40-year-high inflation and the worst consumer confidence levels in years.

   What exactly is a recession? Sorting out a confusing topic

   www.politifact.com/article/2022/jul/26/what-exactly-recession-sorting-out-confusing/

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   How do economists measure recessions?

   • Economists at the National Bureau of Economic Research (NBER) measure recessions by looking at nonfarm payrolls, industrial production, and retail sales, among other indicators. NBER also points out that there is “no fixed rule about what measures contribute information to the process or how they are weighted in our decisions.”

   Recession: Definition, Causes, Examples and FAQs - Investopedia

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9. www.rbcroyalbank.com › en-ca › my-money-mattersWhat Exactly is a Recession And Are We In One?

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   Feb 1, 2023 · Recession is one of those terms you hear a lot in tough economic times. Yet what exactly does it mean? The most common definition is two quarters in a row of declining Gross Domestic Product (GDP).