Glossary
Recession
A marked slowdown in the economy
A recession is a marked, broad slowdown in output, spending, and jobs. It's often defined as two straight quarters of falling GDP, a time when unemployment rises and confidence weakens.
Glossary
A marked slowdown in the economy
A recession is a marked, broad slowdown in output, spending, and jobs. It's often defined as two straight quarters of falling GDP, a time when unemployment rises and confidence weakens.