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/recessionPublished at
2024-09-06 15:41:10Event JSON
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"content": "Definition of Recession:\n\nnoun\nThe act of receding or withdrawing, as from a place, a claim, or a demand\n\n\nA 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.\n\nJob statistics aren't really how you determine if you are in a recession.\n\nhttps://www.wordnik.com/words/recession\n",
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