Normally, the recession follows the downward phase of an economy, with stagnation or decline in the investment, reduction of income, and increase of unemployment. From the downward phase the economy either enters a recession, or it resumes to the expansion phase. ...
recession (rɪˈsɛʃən) n 1. (Economics) a temporary depression in economic activity or prosperity 2. (Ecclesiastical Terms) the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service 3. the act of receding 4. (Building) a part...
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. Even though not all households and businesses experience actual declines in income, their expectations about...
Synonyms of recession 1 : the act or action of receding : withdrawal the recession of floodwaters The exposed roots of teeth, commonly caused by gum recession, can be protected by using a composite resin in combination with an adhesive resin. American Dental Association 2 economics : a ...
Britannica English:Translation ofrecessionfor Arabic Speakers Britannica.com:Encyclopedia article aboutrecession Last Updated: 12 Dec 2024 - Updated example sentences Love words? Need even more definitions? Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad...
Recession Two consecutive quarters of decline in real GDP is commonly taken to be a recession. The National Bureau of Economic Research, a private organization, effectively decides when recessions occur, however, and the actual dating process is determined by judgment rather than a formal rule. ...
recession 1 [ri-sesh-uhn] Phonetic (Standard)IPA noun the act ofrecedingrecedeor withdrawing. arecedingrecedepart of a wall, building, etc. a withdrawing procession, as at the end of a religious service. Economics.a period of an economic contraction, sometimes limited in scope or duration....
A short-term, localized unemployment caused by an unavoidable mocha in the production process Structural unemployment: a mismatch in the supply and demand of the Labour force. Job requirements do not match Cyclical unemployment: unemployment caused by falling demand during a recession 27. Interest ...
tend to be hesitant to begin hiring new employees. In this respect, in the wake of a recession, employment may actually be “sticky-up.” On the other hand, according to the theory, wages themselves will often remain sticky-down and employees who made it through may see raises in pay. ...
economy was in recession or not, given conflicting economic indicators. Analysts with investment advisory firm Raymond James argued in an October 2022 report that the U.S. economy was not in recession. Despite the fact that the economy met the technical definition of recession after two ...