bn:00066516n
Noun Concept
Categories: Business cycle, Recessions, Articles with short description, Unemployment
EN
recession  contraction  economic contraction  Economic downfall  economic downturn
EN
The state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year WordNet 3.0
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EN
The state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year WordNet 3.0 & Open English WordNet
In economics, a recession is a business cycle contraction that occurs when there is a general decline in economic activity. Wikipedia
Slowdown in economic activity over a sustained period of time. Wikipedia Disambiguation
Business cycle contraction Wikidata
The state of the economy declines. OmegaWiki
A period of reduced economic activity. Wiktionary
Period of reduced economic activity. Wiktionary (translation)
EN
Statisticians often define a recession as negative real GDP growth during two consecutive quarters. Wiktionary