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What is recession?

Posted by hidayathfund on October 28, 2008


The U.S. based National Bureau of Economic Research (NBER) defines a recession more broadly as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”[1] A sustained recession may become a depression.

For more on ‘recession’ please click here http://en.wikipedia.org/wiki/Recession

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One Response to “What is recession?”

  1. hunterseekersthenextgreateconomicdepression said

    I wonder when they will decide to Officially tell us that we are in a DEPRESSION? It seems like every mainstream media is avoiding the D word!

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