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Recession
What does it mean?
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.
In Other Words...
Recession is a normal (albeit unpleasant) part of the business cycle. A recession generally lasts from six to eighteen months.
Interest rates usually fall in recessionary times to stimulate the economy by offering cheap rates at which to borrow money.
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Related Terms
Bear Market | Boom | Business Cycle | Double Dip Recession | Economy | GDP | Hard Landing | Interest Rates | Soft Landing
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