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   What is a recession in economics?

   • A recession is a significant, widespread, and prolonged downturn in economic activity. Recessions are commonly characterized by two consecutive quarters of negative gross domestic product (GDP) growth, though there are more complex ways to assess and classify downturns. The unemployment rate is a key recession indicator.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

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

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   What do we know about recessions?

   • Much about recessions is shrouded in mystery. But there are a few things we know. 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.

   What is a recession? | McKinsey - McKinsey & Company

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   How does a recession affect economic growth?

   • A recession typically leads to drops in output and investment, falling profits for businesses and rising unemployment. The global financial crisis of 2007-09 shaved almost 4% off economic growth worldwide. In some countries, including Britain, France and Germany, the convention is that two quarters of negative GDP growth indicates a recession.

   What is a recession? - The Economist

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

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

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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...

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.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.

8. www.fidelity.com › smart-money › what-is-a-recessionWhat is a recession and what does it mean for you? | Fidelity

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   Mar 28, 2024 · A recession is a prolonged period of negative economic growth in a country. It's 1 of 4 phases in the endless economic circle of life, spanning from growth to peak to recession to trough (aka the bottom of the recession)—and back again.

9. 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 unemployment.