2 : a group of individuals departing in an orderly often ceremonial way 3 : a downward turn in business activity also : the period of such a downward turn Medical Definition recession noun re·ces·sion ri-ˈsesh-ən : pathological withdrawal of tissue from its normal po...
Define Recessions. Recessions synonyms, Recessions pronunciation, Recessions translation, English dictionary definition of Recessions. n. 1. The fact or action of moving away or back, especially: a. The erosion of a cliff or headland from a given point,
“A marked contraction in economic activity. There is little agreement on a definition, but a recession is often associated with at least two consecutive quarters of declining GDP or the verification that one exists by an august body such as the National Bureau of Economic Research in the US....
What is the definition of recession?Economic activity is a country’s overall sales,GDP, employment, and other similar metrics. When these values experience a sharp decline in performance for a period longer than two quarters, the country is in recession. However, many economists do not adhere ...
(Definition ofrecessionfrom theCambridge Business English Dictionary© Cambridge University Press) Examplesofrecession recession At its most elementary, the automated mode merely distributes the sound among loudspeakers with limited, or no, attention torecessionof the image. ...
The NBER defines a recession as a "significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real gross domestic product, real income, employment, industrial production and wholesale-retail sales." As the NBER definition of a recession...
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Understand the Recession Definition to prepare for and navigate economic downturns with The Strategic CFO®.
Economics, Businessa period of an economic contraction, sometimes limited in scope or duration. Cf.depression(def. 7). Latinrecessiōn-(stem ofrecessiō). Seerecess,-ion 1640–50 re•ces•sion2(rē sesh′ən),USA pronunciationn.