Recession (economics)

From Citizendium
Revision as of 05:40, 25 October 2008 by imported>Nick Gardner
Jump to navigation Jump to search
This article is a stub and thus not approved.
 Main Article
 Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Tutorials [?]
 
https://en.citizendium.org/wiki/index.php?title=Recession_(economics)&printable=yes
This editable Main Article is under development and subject to a disclaimer.

Definition

In economics usage, the term recession is conventionally defined (except in official pronouncements by the United States government) as two consecutive quarters of negative growth of gross domestic product. In the United States, the official designation of an economic situation as a recession is the responsibility of the National Bureau of Economic Research [1].

The nature of recessions

References

  1. ↑ Recession: how is that defined?, Bureau of Economics, US Department of Commerce
Retrieved from "https://citizendium.org/wiki/index.php?title=Recession_(economics)&oldid=545868"