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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Definition and Examples An economic downturn, or a downturn, occurs when the value of stocks, property, and commodities fall, productivity either grows more slowly or declines, and GDP (gross domestic product) shrinks, stands still or expands more slowly.marketbusinessnews.com/financial-glossary/econo…An economic downturn is a significant slowdown in economic activity. It’s characterized by a negative Gross Domestic Product (GDP), which measures the total value of goods and services produced in a country. This decline typically lasts for several months and can impact various economic indicators.penpoin.com/economic-downturn/An economic downturn or recession is “a significant decline in economic activity spread across the economy, lasting more than a few months. 1 ” Economies can slow down within a nation, a specific region or on a global scale.reference.nlb.gov.sg/guides/business/global-econo…A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine recessions.www.investopedia.com/terms/r/recession.aspA recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufacturing for an extended period of time.www.forbes.com/advisor/investing/what-is-a-recess…
What is an Economic Downturn? Definition and Examples
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Oct 20, 2023 · A recession, or a decline in economic activity lasting several months, is usually caused by events such as a financial crisis or supply chain disruption. Learn more.
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