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recession the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year recess: a small concavity the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service the act of ceding back receding: the act of becoming more distant
Ãâó: wordnet.princeton.edu/perl/webwn
recession A significant decline in economic activity. In the US, recession is approximately defined as two successive quarters of falling GDP, as judged by NBER. A recession in one country may be caused by, or itself cause, recession in another country with which it trades.
Ãâó: www-personal.umich.edu/~alandear/glossary/r.html
recession two consecutive quarters of a year during which GDP falls
Ãâó: www.wwnorton.com/stiglitzwalsh/economics/glossary....
recession a period of reduced economic activity during which the level of unemployment rises, production slows, and general prosperity lags.
Ãâó: www.ots.treas.gov/glossary/gloss-r.html
recession A decline in an economy's total production lasting six months or longer.
Ãâó: www.crfonline.org/orc/glossary/r.html
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