recession


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recession:

see depressiondepression,
in economics, period of economic crisis in commerce, finance, and industry, characterized by falling prices, restriction of credit, low output and investment, numerous bankruptcies, and a high level of unemployment.
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recession

a period of lower than average economic growth.

recession

[ri′sesh·ən]
(geology)
The backward movement, or retreat, of an eroded escarpment.
A continuing landward movement of a shoreline or beach undergoing erosion. Also known as retrogression.
The withdrawal of a body of water (as a sea or lake), thereby exposing formerly submerged areas.
(hydrology)
The gradual upstream retreat of a waterfall.

recession

1. Economics a temporary depression in economic activity or prosperity
2. Religion the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service
References in periodicals archive ?
When considering depth, the recent recession can be separated into two distinct phases.
This approach allows me to identify in real time when states slip into recession.
With an additional 11 years of data since the indexes were first published, and with the Great Recession behind us, I explore a method for using our indexes to pinpoint the onset and end dates of state business cycles and assess its results: What do the state coincident indexes now tell us about state cycles?
Here real GDP statistics, referred to as "volume estimates," similarly indicate that a recession occurred in the United States during the second and third quarters of 1980 and a double-dip recession from the fourth quarter of 1981 through the third quarter of 1982.
Last month, JPMorgan put a 76% chance of a recession within the next three years, with a 25% of chance of a recession within the next 12 months.
The recession certainly elevated the average employment loss associated with a given level of contraction in GDP (the slope of the line with the last episode is steeper than the line without).
The nature of your services will have a lot to do with how you handle the next recession.
The total damage from the Great Recession is slightly larger than the loss if Germany's entire economy disappeared.
In this study, we investigate whether the Great Recession is associated with variation in annual health care expenditures at the lower (e.
The collapse of the construction industry, with Britain no longer building for the future, is proof that we're in recession.
For example, Daly and Hobijn (2010) note that the Great Recession was marked by a persistent deviation from Okun's empirical relationship.
A double-dip recession is when the economy slides back into recession before it has fully recovered from the last one.