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Recession
A recession is technically defined by economists as a decline in GDP for two or more consecutive quarters. Recessions are almost always accompanied by:
Last updated: 17-Sep-2010
What is Recession?
- A drop in stock market prices
- An increase in unemployment
- A decline in the housing market
Many investors and economists consider recessions an inevitable part of the economic cycle and for them to be unavoidable.
If a recession continues for long enough and is severe enough it will be referred to as a depression.