What is a Recession?

A recession is a period of general economic decline that typically involves a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally defined as a decline in GDP for two or more consecutive quarters and considered less severe than a depression. However, a recession can eventually be classified as a depression if it continues long enough. There is no one obvious cause of a recession, although the blame usually falls on the government.


See Also:

Recession Strategy: Take a Long Trip

Why Is the Wage Gap Growing Widers?

Fighting the Recession Blues

To Buy or Not to Buy