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( Recession)
In economics, the term recession generally describes the reduction of a country's gross domestic product (GDP) for at least two quarters. [1][2] The usual dictionary definition is "a period of reduced economic activity", a business cycle contraction. [3][4] The U.S.-based National Bureau of Economic Research (NBER) defines economic recession as "a significant decline in [the] economic activity spread across the economy, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales."[5] In macroeconomics, a recession is a decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year. An alternative, less accepted definition of recession is a downward trend in the rate of actual GDP growth as promoted by the business-cycle dating committee of the National Bureau of Economic Research.[1] That private organization defines a recession more ambiguously as "a significant decline in economic activity spread across the economy, lasting more than a few months." A recession has many attributes that can occur simultaneously and can include declines in coincident measures of activity such as employment, investment, and corporate profits. A severe or prolonged recession is referred to as an economic depression.
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Recession Subcategories
Recession Articles
End the Recession by Lauren Knight
There are many possible causes for receding gums (periodontitis), including aging, brushing too hard, poor oral hygiene, smoking, mouth injuries, oral piercings, and more. Regardless of the actual cause, receding gums can be painful, teeth become...
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