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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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   What does a recession look like?

   • The National Bureau of Economic Research (NBER) defines a recession as a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale retail trade.

   What Causes a Recession? - Investopedia

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   What are the major economic theories of recession?

   • The significant economic theories of recession focus on financial, psychological, and fundamental economic factors that can lead to the cascade of business failures that constitute a recession. Some theories look at long-term economic trends that lay the groundwork for a recession in the years leading up to it.

   What Causes a Recession? - Investopedia

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   What factors affect a recession?

   • A range of financial, psychological, and real economic factors are at play in any given recession. The significant economic theories of recession focus on financial, psychological, and fundamental economic factors that can lead to the cascade of business failures that constitute a recession.

   What Causes a Recession? - Investopedia

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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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2. 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 trough....

3. 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...

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5. corporatefinanceinstitute.com › recessionRecession - Definition, Indicators, Causes and Effects

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   Recession is used to signify a slowdown in general economic activity. They are are officially recognized after two consecutive quarters of negative GDP growth rates.

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

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   Feb 19, 2024 · Signs of a recession. 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.

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

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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.

8. www.investopedia.com › 08 › cause-of-recessionWhat Causes a Recession? - Investopedia

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   Oct 20, 2023 · A recession is a trend of simultaneously slowing business and consumer activity, leading to negative growth as measured by gross domestic product (GDP) and other data series, such as the...

9. 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.