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. Compare...
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 of a building, wall, etc, that recede...
2. Financial/Nominal factors According to a school of economics called monetarism, a recession is a direct consequence of over-expansion of credit during expansion periods. It gets exacerbated by insufficient money supply and credit availability during the initial stages of a slowdown. There is a s...
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...
economics : a period of significantly reduced general economic activity that is marked especially by declines in employment and production and that lasts more than a few months The country is in a recession. a period of economic recession The spurt of economic growth that usually follows rece...
re•ces•sion1(ri sesh′ən),USA pronunciationn. the act of receding or withdrawing. a receding part of a wall, building, etc. a withdrawing procession, as at the end of a religious service. Economics, Businessa period of an economic contraction, sometimes limited in scope or duration...
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What is the definition of economic recession?When the government imposes higher interest rates, the cost of money rises, thus lowering consumer and government borrowing. Consumer confidence is declining, thus lowering the demand for goods and services. Furthermore, the financing of business operation ...
In economics, arecessionis a contraction in the business cycle. There is a decline in economic activity, which we measure using several macroeconomic indicators. In recessions, the following factors drop: GDP (gross domestic product), investment spending, household income, inflation, and business pro...
A downturn must be deep, pervasive, and lasting to qualify as a recession by NBER's definition. Since some of these qualities may not be evident when a downturn first begins, many recessions are called retroactively.5 Recessions are most clearly identified after they are over. Additionally, inv...