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  2. Recession - Wikipedia

    en.wikipedia.org/wiki/Recession

    A recession is commonly defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales", [3] [4] [5] or as "a negative economic growth for two consecutive quarters."

  3. Economic depression - Wikipedia

    en.wikipedia.org/wiki/Economic_depression

    An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies. Economic depression may be related to one specific country where there is some economic crisis that has worsened but most often reflexes historically the American Great Depression and similar economic status that may be recognized as ...

  4. List of recessions in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_recessions_in_the...

    The economy had a strong recovery following the recession. [33] 1923–1924 recession May 1923 – June 1924 1 year 2 months 2 years −25.4% −22.7% From the depression of 1920–1921 until the Great Depression, an era dubbed the Roaring Twenties, the economy was generally expanding. Industrial production declined in 1923–24, but on the ...

  5. Recessions Explained: Definition, Warning Signs and What ...

    www.aol.com/finance/recessions-explained...

    The recession caused by the coronavirus is an example of a shock to the economic system. Recession vs. Depression There is no true economic marker that differentiates a recession from a depression.

  6. Recessions Explained: Definition, Warning Signs and What ...

    www.aol.com/finance/recessions-explained...

    Recession Period. Start. End. Total Time Elapsed. The Great Depression–Late ’20s and Early ’30s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis

  7. Recession shapes - Wikipedia

    en.wikipedia.org/wiki/Recession_shapes

    An L-shaped recession or depression occurs when an economy has a severe recession and does not return to trend line growth [8] for many years, if ever. The steep decline, is followed by a flat line makes the shape of an L. This is the most severe of the different shapes of recession. Alternative terms for long periods of underperformance ...

  8. Great Recession - Wikipedia

    en.wikipedia.org/wiki/Great_Recession

    The Great Recession was a period of marked decline in economies around the world that occurred in the late 2000s. The scale and timing of the recession varied from country to country (see map). [1] [2] At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression.

  9. Long Depression - Wikipedia

    en.wikipedia.org/wiki/Long_Depression

    The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1896, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.