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Finance Dictionary and Glossary of Investment Terms
A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP.
A period of general economic decline; specifically, a decline in GDP for two or more consecutive quarters.
A significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income, and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's GDP.