Recession

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • collapse
  • slump
  • hard times
  • slide
  • bad times
  • bust
  • rainy day
  • depression

Definition of Recession

  1. A prolonged period of time (often defined as two successive quarters) in which economic activity declines or decreases.

Related Terms and Acronyms

  • Employment Insurance (EI) Acronym, Canada,
    • A Service Canada program where premiums are paid by taxpayers and benefits are provided for the unemployed.
    Formerly known as Unemployment Insurance (UI).
  • Economic Indicators Definition,
    • Statistics that help determine how the economy is faring. They include the Consumer Price Index, housing starts, and unemployment rates, among others.
  • Inflation Definition,
    • A rise in the average level of prices in the economy.
  • Stagflation Definition,
    • A time period where the unemployment rate and the rate of inflation are both relatively high.
  • Microeconomics Definition,
    • Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
  • Depression Definition,
    • A prolonged downturn in the economy and level of business activity.
  • Market Conditions Definition,
    • Factors that affect the sales of homes in an area, such as interest rates, the unemployment rate, home appreciation, weather and time of year.
  • Disinflation Definition,
    • A reduction in the inflation rate as a result of either government policy or a decline in economic activity.
  • Macroeconomics Definition,
    • A study of the economy as a whole, particularly the interaction of its various components.
  • Unemployment Rate Definition,
    • The percentage of the labour force that is not employed but currently seeking work.
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