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   recession

   /rɪˈsɛʃn/

   noun

   • 1. a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters: "the country is in the depths of a recession"
   • 2. the action of receding; motion away from an observer.

   Word Origin early 17th century (denoting a temporary suspension of work or activity): from Latin recessio(n-), from recess- ‘gone back’, from the verb recedere (see recede).

   Derivatives

   • 1. recessionary adjective

   Scrabble Points: 11

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

   www.investopedia.com › terms › r

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   Apr 16, 2024 · A recession is a significant, widespread, and prolonged downturn in economic activity. Learn how economists measure, predict, and explain recessions, and see examples of recent and historical recessions in the U.S. and worldwide.

3. Videos

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     What is a recession? | CNBC Explains

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

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4. en.wikipedia.org › wiki › RecessionRecession - Wikipedia

   en.wikipedia.org › wiki › Recession

   • Cached

   A recession is commonly defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales", or as "a negative economic growth for two consecutive quarters."

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

   www.forbes.com › advisor › investing

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   Feb 13, 2024 · A recession is a significant decline in economic activity that lasts for months or years. Learn how experts define, measure and identify recessions, and what factors can cause them, such as shocks, debt, bubbles, inflation, deflation and technological change.

6. People also ask

   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

   www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-a-recession

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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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   How long does a recession last?

   • Economists measure a recession's length from the prior expansion's peak to the downturn's trough. Recessions may last as little as a few months, but the economy may not recover to its former peak for years. An inverted yield curve has predicted the last 10 recessions, although some predicted recessions never materialized.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

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

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   How do you know if a recession is a serious problem?

   • In 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession: The most popular was two consecutive quarters of declining GDP. A healthy economy expands over time, so two quarters in a row of contracting output suggests there are serious underlying problems, according to Shiskin.

   Recession Definition: What Is A Recession? – Forbes Advisor

   www.forbes.com/advisor/investing/what-is-a-recession/

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

   www.weforum.org › agenda › 2024

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   Feb 19, 2024 · A recession is a significant decline in economic activity across the economy, lasting more than a few months. Learn how recessions are measured, what causes them and how they affect consumers, businesses and markets.

8. www.mckinsey.com › what-is-a-recessionWhat is a recession? | McKinsey

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

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   Jul 11, 2024 · A recession is a period of economic contraction caused by imbalances in the market, triggered by external or internal factors. Learn how recessions affect businesses, people, and society, and how to prepare for the next one with McKinsey's insights and case studies.

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

   www.britannica.com › money › recession

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   Jul 6, 2024 · A recession is a decline in economic activity that affects production, employment, and spending. Learn about the causes, effects, and examples of recessions from Britannica's editors.

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

    www.investopedia.com › 08 › cause-of-recession

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    Oct 20, 2023 · A recession is a significant decline in economic activity, lasting more than a few months, visible in various indicators such as GDP, employment, and trade. Recessions can be caused by financial, psychological, and real economic factors, such as supply chain disruptions, inflation, or a financial crisis.