Recession Definition Of Terms

The act of receding or withdrawing. A period when the economy of a country is not successful and conditions for business are bad. A period of an economic contraction sometimes limited in scope or duration compare depression def.

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Recession definition of terms. A recession is a significant decline in economic activity that lasts for months or even years. A withdrawing procession as at the end of a religious service. A receding part of a wall building etc. A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region.

Experts declare a recession when a nation s economy experiences negative gross domestic product gdp.

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