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A global Recession refers to a situation where the GDP of a many nations has been on a down trend (Decline) for two consecutive quarters (at least 6 months)

If the decline in GDP continues for a further 2 quarters the economy can be said to be in a state of Depression.

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Related Questions

Why is recess a homograph what can it mean?

"Recess" is a homograph because it is a word that is spelled the same but has different meanings depending on context. It can refer to a break or free time, as in "recess time at school," or it can mean a withdrawing or receding, as in "a recess in the wall."


What does recreation mean in french?

In schools, it means a recess.


Should recess be banned?

ok. In my opinion recess could be band. You don't really need recess at all. I mean think about middle schoolers and high schoolersthey don't ave recess (depending on te state). Recess is a fun thing to have every once in a while but not every day. Recess is just somethin that teachers do to get rid of students for a little bit. Teachers need their time to (if you know what i mean). i hope i havebeen of some assinstince. and that's a poor question by the way.


What does que comes en el recreo mean?

What do you eat during recess?


What is the meaning of the word recess?

It depends on which 'recess' you mean. There are different definitions for this word. One meaning of recess refers to a break from business which no work is done. One example could be when the judge calls recess during court proceedings. Another example could be the recess during school time, when students are allowed a short break from their lesson/s. I suggest you use a dictionary-since there are more meanings-in case you would like to know the rest.


Whhy don't middle schools have recess?

becauce they are to old and teachers are somtimes mean.


What is the antonym of recess?

The antonym of recess is raise.


What is a recess monkey?

One who likes to be at recess


Where are the anterior supraoptic recess and the infundibular recess?

The third ventricle contains two saclike recesses called the anterior supraoptic recess and the infundibular recess


Why should have recess because?

Because children build there energy at recess and recess keeps children healthy


What is the plural of recess?

The plural form of recess is recesses.


Where do Jamaicans go for recess?

how long are Jamaicans recess