In economics, a recession is a business cycle contraction, ageneral slowdown in economic activity over a period of time longerthan a few months.[1][2] During recessions, man
…y macroeconomicindicators vary in a similar way. Production, as measured by GrossDomestic Product (GDP), employment, investment spending, capacityutilization, household incomes, business profits and inflation allfall during recessions; while bankruptcies and the unemploymentrate rise. a period when real GDP falls for at least six months (gp) a temporary period of economic decline (MORE)