Recession: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add second definition. Source: The Balance webpage https://www.thebalance.com/what-is-a-recession-3306019) |
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1. | |||
Any extended time period during which gross domestic product (GDP) decreases from one measurement period to the next. | |||
2. | |||
A period of two successive quarters, or more, in which GDP decreases from the previous quarter. | |||
Revision as of 08:21, 23 August 2019
1.
Any extended time period during which gross domestic product (GDP) decreases from one measurement period to the next.
2.
A period of two successive quarters, or more, in which GDP decreases from the previous quarter.
