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Recession

Discussion in 'Traders Glossary' started by Pharaoh, Jun 5, 2009.

  1. Pharaoh

    Pharaoh Colonel

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    The technical definition of a recession is 2 consecutive quarters of negative economic growth as measured by the GDP. More generally, it is defined as a period of several months of more with declines in employment and income at the consumer level and declines of production and trade for businesses.

    On a more personal level, if you lose your job, it's just a recession. If I lose my job, it's an economic crisis.
     

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y/y

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ZEW

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