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2024-09-06 15:41:10
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Ed Braaten on Nostr: Definition of Recession: noun The act of receding or withdrawing, as from a place, a ...

Definition of Recession:

noun
The act of receding or withdrawing, as from a place, a claim, or a demand


A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.

Job statistics aren't really how you determine if you are in a recession.

https://www.wordnik.com/words/recession
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