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   Does GDP decline indicate a recession?

   • Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.

   How Do Economists Determine Whether the Economy Is in a Recession?

   www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/

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   Are very short periods of decline considered recessions?

   • Very short periods of decline are not considered recessions. Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation-adjusted) gross domestic product (GDP)—the value of all goods and services a country produces.

   Recession: When Bad Times Prevail

   www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Recession

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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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   Does negative GDP growth indicate a recession?

   • In some countries, including Britain, France and Germany, the convention is that two quarters of negative GDP growth indicates a recession. But many economists believe this definition is too narrow. Japan’s cabinet office uses multiple indicators, including factory output, retail sales and employment.

   What is a recession? - The Economist

   www.economist.com/the-economist-explains/2022/09/02/what-is-a-recession

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   How does a recession affect economic growth?

   • A recession typically leads to drops in output and investment, falling profits for businesses and rising unemployment. The global financial crisis of 2007-09 shaved almost 4% off economic growth worldwide. In some countries, including Britain, France and Germany, the convention is that two quarters of negative GDP growth indicates a recession.

   What is a recession? - The Economist

   www.economist.com/the-economist-explains/2022/09/02/what-is-a-recession

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   What does a recession mean for the UK economy?

   • A recession means the UK economy has shrunk for two three-month periods - or quarters - in a row.

   What is a recession and how could one affect me? - BBC News

   www.bbc.co.uk/news/business-52986863

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2. www.bbc.co.uk › news › business-52986863What is a recession and how could one affect me? - BBC News

   www.bbc.co.uk › news › business-52986863

   May 10, 2024 · The UK is in recession if GDP falls for two successive three-month periods - known as quarters. The economy shrank 0.1% between July and September last year and then by a further 0.3% between...

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

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   Apr 16, 2024 · A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine...

4. 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 · Signs of a recession. Besides a prolonged decline in gross domestic product (GDP), one of the most obvious measures of a recession is the unemployment rate. When this begins to rise, it can trigger a domino effect of economic consequences as demand for goods and services slows down.

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6. news.sky.com › story › what-is-a-recession-whatWhat is a recession, what causes it and what happens during ...

   news.sky.com › story › what-is-a-recession-what

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   Feb 15, 2024 · The most commonly used definition of a recession is at least two consecutive quarters of economic contraction - or "negative growth" - in gross domestic product (GDP). To break that down, GDP is the total value of goods and services produced over a specific time period. When it goes up, the economy is considered to be doing well.

7. www.economist.com › 2022/09/02 › what-is-a-recessionWhat is a recession? - The Economist

   www.economist.com › 2022/09/02 › what-is-a-recession

   Sep 2, 2022 · In short, a period of significant decline in economic activity. A recession typically leads to drops in output and investment, falling profits for businesses and rising unemployment.

8. www.whitehouse.gov › cea › written-materialsHow Do Economists Determine Whether the Economy Is in a

   www.whitehouse.gov › cea › written-materials

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   Jul 21, 2022 · Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.

9. www.imf.org › Series › Back-to-BasicsRecession: When Bad Times Prevail

   www.imf.org › Series › Back-to-Basics

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   Very short periods of decline are not considered recessions. Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation-adjusted) gross domestic product (GDP)—the value of all goods and services a country produces.