Recession Definition Business Dictionary

If a recession gets worse it deepens or worsens.

Recession definition business dictionary. The definition of a recession is a slow economic period where the gross domestic product declines and unemployment increases for two or more quarters. As a new business manager. A recession is a period of declining economic performance across an entire economy that lasts for several months. The downturn is not described as depression since the severity has not encompassed the levels of the great.

A period when the economy of a country is not successful and conditions for business are bad. A period when the economy of a country is not successful and conditions for business are bad. A period when many of the world s economies are not successful and businesses experience a lot of. A period of economic downturn experienced by the united states beginning in december 2007.

Definition of global recession. Businessdictionary business dictionary dictionary toggle navigation. You re not signed up. Businesses investors and government officials track various economic indicators.

Recession definition the act of receding or withdrawing. Talking about recessions a deep recession is very bad while a mild recession is not too bad. If a company gets through a recession it weathers or survives it. A recession is a decline in economic activity that lasts for two quarters or a year.

A period of reduced production and unemployment is an example of a recession.