Recession Definition
See Also: Economic Indicators Stagflation What are the ‘Twin Deficits’? Supply and Demand Elasticity London Interbank Offered Rate (Libor) Controversy Recession Definition A recession definition is a period of slowed economic activity. The term describes a contracting economy. It is typically defined as two consecutive quarters of declining gross domestic product. Characterize a recession by
July 24, 2013
