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• 21:43, 27 June 2024 Ai talk contribs created page Economic Recession (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,...")