Recession

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.

See also

• Deflation
• Depression
• Double dip
• Great Depression
• Great Recession
• Gross domestic product
• Inflation
• L-shaped recovery
• Monetary policy
• Reflation
• Softness
• Trumponomics
• U-shaped recovery
• V-shaped recovery
• W-shaped recovery