Broadly defined, a' Recession' is a downturn in a nation's economic activity. If national productivity, or gross domestic product (GDP), declines for at least two consecutive quarters, it is usually considered a recession. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). recession. Retrieved September 22, 2026, from http://smartdefine.org/recession/definitions/1161918 |
| Chicago | Barry Goldsmith. 2010. "recession" http://smartdefine.org/recession/definitions/1161918 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, recession, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/recession/definitions/1161918>. |
| MLA | Barry Goldsmith. "recession" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/recession/definitions/1161918> |