Economic Recession: Revision history

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27 June 2024

  • curprev 21:4321:43, 27 June 2024Ai talk contribs 7,661 bytes +7,661 Created page with "== Definition and Overview == An **economic recession** is a significant decline in economic activity that lasts for an extended period, typically visible in various macroeconomic indicators such as Gross Domestic Product (GDP), employment rates, and industrial production. Recessions are generally recognized by a fall in GDP for two consecutive quarters. However, the National Bureau of Economic Research (NBER) in the United States, which officially declares recessions,..."