A slump is just a slang term it could mean recession or it could just mean a short period of time in decline. recession is four business quarters of little or no growth in the economy we have had 1 quarter in the U.S so far
I believe you mean the song 'Put On' by Young Jeezy on his album: The Recession. He says 'I PUT ON for my city'. I believe you mean the song 'Put On' by Young Jeezy on his album: The Recession. He says 'I PUT ON for my city'.
Recession means: When the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year It's actually a fall in GDP for 2 or more quarters....
The noun recession (economic or legal term) has the adjective form "recessionary" meaning pertaining to a recession. Another adjective that refers to the process of receding (and the ceremonial term recession) is "recessional."
Depression and recession can be used interchangebly though there is a difference. Depression is an extreme form of recession. Recession is a slow down of an activity over the cause of a normal situation.