Both Uses of
recession
in
A Man Named Dave
- But months later, after a statewide recession, I found myself as a legal adult, with no diploma, no job, and my life savings quickly draining away.
p. 32..1 *recession = a period when the economy does poorly
- Jobs right now are scarce with the recession and all, but …. there is an option….
p. 258..0
Definition:
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(recession as in: economic recession) a period when the economy does poorlyeditor's notes: Most people think of a recession as any period of two consecutive quarters of shrinking, real GDP.
Officially, a nonprofit organization, the National Bureau of Economic Research, determines when the U.S. economy has had a recession. Their proclamation is often a year after the recession started and almost never fails to call a recession indicated by the 2-quarter rule-of-thumb.