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   What is a recession in economics?

   • A recession is a significant, widespread, and prolonged downturn in economic activity. Recessions are commonly characterized by two consecutive quarters of negative gross domestic product (GDP) growth, though there are more complex ways to assess and classify downturns. The unemployment rate is a key recession indicator.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

   www.investopedia.com/terms/r/recession.asp

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   What do we know about recessions?

   • Much about recessions is shrouded in mystery. But there are a few things we know. According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.

   What is a recession? | McKinsey - McKinsey & Company

   www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-a-recession

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   Is the US in a recession?

   • A December 2008 report from the National Bureau of Economic Research stated that the U.S. had been in a recession since December 2007, when economic activity peaked, based on several measures including job losses, declines in personal income, and declines in real GDP.

   Recession - Wikipedia

   en.wikipedia.org/wiki/Recession

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   When does a recession start?

   • Equities markets often decline before an economic downturn, so investors may assume a recession has begun as investment losses accumulate and corporate earnings decline, even if other measures of recession remain healthy, such as consumer spending and unemployment.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

   www.investopedia.com/terms/r/recession.asp

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   What does a recession look like in the US?

   • The US uses a more comprehensive definition of a recession which includes the NBER examining a range of data to see whether there is a significant decline in economic activity, measured by duration, depth and diffusion. The NBER look for – falling GDP, rising unemployment, falling retail sales and lower industrial production.

   Definition of a Recession - Economics Help

   www.economicshelp.org/blog/459/economics/define-recession/

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   How does a recession affect the economy?

   • In recent years, recessions have become less frequent and shorter in duration. Declines in economic output and employment that recessions cause can become self-perpetuating. For example, declining consumer demand can prompt companies to lay off staff, which affects consumer spending power, and can further weaken consumer demand.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

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2. www.mckinsey.com › what-is-a-recessionWhat is a recession? | McKinsey - McKinsey & Company

   www.mckinsey.com › what-is-a-recession

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   Jul 11, 2024 · A recession is two consecutive quarters of economic contraction caused by imbalances in the market. Learn how recessions are triggered, how they affect businesses and people, and how to prepare for the next one.

3. www.investopedia.com › terms › rRecession: Definition, Causes, Examples and FAQs - Investopedia

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   Apr 16, 2024 · A recession is a significant, widespread, and prolonged downturn in economic activity. Learn how economists measure, predict, and explain recessions, and how they differ from depressions.

4. www.economicshelp.org › economics › define-recessionDefinition of a Recession - Economics Help

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   Aug 11, 2022 · A recession is a period of negative economic growth, rising unemployment and falling incomes. Learn how recessions are measured, defined and classified in different countries and regions.

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6. en.wikipedia.org › wiki › RecessionRecession - Wikipedia

   en.wikipedia.org › wiki › Recession

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   A recession is a period of broad decline in economic activity, usually triggered by a demand shock. Learn how recessions are measured, classified and responded to by governments and economists.

7. www.weforum.org › agenda › 2024Explainer: What is a recession? - The World Economic Forum

   www.weforum.org › agenda › 2024

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   Feb 19, 2024 · A recession is a significant decline in economic activity across the economy, lasting more than a few months. Learn how recessions are defined, measured, and ended, and what effects they have on consumers and markets.

8. www.forbes.com › advisor › investingRecession Definition: What Is A Recession? – Forbes Advisor

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   Feb 13, 2024 · A recession is a significant decline in economic activity that lasts for months or years. Learn how experts define, measure and identify recessions, and what factors can cause them, such as shocks, debt, bubbles, inflation, deflation and technological change.

9. www.britannica.com › money › recessionRecession | Definition & Facts | Britannica Money

   www.britannica.com › money › recession

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   Sep 27, 2024 · A recession is a downward trend in the business cycle with declines in production, employment, income, and spending. Learn about the causes, effects, and examples of recessions from Britannica's editors.