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   What exactly is a recession?

   • The National Bureau of Economic Research (NBER) Business Cycle Dating Committee —the official recession scorekeeper—defines a recession as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.”

   How Do Economists Determine Whether the Economy Is in a Recession?

   www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/

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   Does GDP decline indicate a recession?

   • Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.

   How Do Economists Determine Whether the Economy Is in a Recession?

   www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/

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   What is a recession & why is it important?

   • But economists tend to believe this oversimplifies matters. A recession is a significant decline in economic activity that is spread across the economy and lasts for an extended period. It may include drops in GDP, income, employment, manufacturing, and retail sales.

   What is a recession, and how does it affect the economy?

   www.invesco.com/us/en/insights/what-is-a-recession.html

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   Does negative GDP growth indicate a recession?

   • In some countries, including Britain, France and Germany, the convention is that two quarters of negative GDP growth indicates a recession. But many economists believe this definition is too narrow. Japan’s cabinet office uses multiple indicators, including factory output, retail sales and employment.

   What is a recession? - The Economist

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

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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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   What is the difference between a recession and a depression?

   • A recession tends to be short, typically lasting from a few months to a year. A depression is a much longer and more severe economic downturn with enduring effects on the economy. The Great Depression of the 1930s, for example, lasted about a decade and led to widespread unemployment, severe deflation, and a big fall in economic activity.

   What is a recession, and how does it affect the economy?

   www.invesco.com/us/en/insights/what-is-a-recession.html

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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...

3. 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 real...

4. Videos

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     What is a recession? | CNBC Explains

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     How GDP Tells Us if We're in a Recession | WSJ

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     What is a Recession? | Ask an Economist

     Sep 29, 2022

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5. 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.

6. www.weforum.org › agenda › 2024What is a recession and how is it defined? Explainer | World ...

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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.

7. www.invesco.com › what-is-a-recessionWhat is a recession, and how does it affect the economy?

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

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   Sep 26, 2024 · Recession has been defined as two consecutive quarters of falling gross domestic product (GDP). But economists tend to believe this oversimplifies matters. A recession is a significant decline in economic activity that is spread across the economy and lasts for an extended period.

8. www.whitehouse.gov › cea › written-materialsHow Do Economists Determine Whether the Economy Is in a

   www.whitehouse.gov › cea › written-materials

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   Jul 21, 2022 · The National Bureau of Economic Research (NBER) Business Cycle Dating Committee —the official recession scorekeeper—defines a recession as “a significant decline in economic activity that is...

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 · 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...