Definitions for economic recession

This page provides all possible meanings and translations of the word economic recession

U.S. National Library of Medicine

  1. Economic Recession

    Significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real gross domestic product, real income, employment, industrial production, and wholesale-retail sales. (National Bureau of Economic Research, Inc, www.nber.org/cycles.html, accessed 4/23/2009)

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