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1. • Two consecutive quarters of decline

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

     Recession: When Bad Times Prevail

2. People also ask

   How does a recession affect the economy?

   • 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.

   Explainer: What is a recession? - The World Economic Forum

   www.weforum.org/agenda/2024/02/what-is-a-recession-economy-definition-explainer/

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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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   What do you need to know about a recession?

   • Here's everything you need to know. What is a recession? A recession is when the economy contracts rather than grows. Officially, a recession is triggered when a country's gross domestic product (GDP) declines for two consecutive quarters (six months).

   What is a recession? - MoneyWeek

   moneyweek.com/economy/uk-economy/605507/what-is-a-recession

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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 long does a recession last?

   • Recessions typically last for about a year in advanced economies, according to the IMF. The NBER’s data supports this: from 1945 to 2009, the average recession lasted 11 months. Besides a prolonged decline in gross domestic product (GDP), one of the most obvious measures of a recession is the unemployment rate.

   Explainer: What is a recession? - The World Economic Forum

   www.weforum.org/agenda/2024/02/what-is-a-recession-economy-definition-explainer/

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3. 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...

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.

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

   www.investopedia.com › terms › r

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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...

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7. 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).

8. 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....

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

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

   • Cached

   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.

10. moneyweek.com › economy › uk-economyWhat is a recession? - MoneyWeek

    moneyweek.com › economy › uk-economy

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    Mar 1, 2024 · A recession is when the economy contracts rather than grows. Officially, a recession is triggered when a country's gross domestic product (GDP) declines for two...