Business / Taxes / Recession: Broadly defined, a recession is a downturn in a nation's economic activity. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices. Recessions are typically shorter than the periods of economic expansion that they follow, but they can be quite severe even if brief. Recovery is slower from some recessions than from others. The National Bureau of Economic Research (NBER), which tracks recessions, describes the low point of a recession as a trough between two peaks, the points at which a recession began and ended — all three of which can be identified only in retrospect. The Conference Board, a business research group, considers three consecutive monthly drops in its Index of Leading Economic Indicators a sign of decline and potential recession up to 18 months in the future. The Board’s record in predicting recessions is uneven, having correctly anticipated some but expected others that never materialized.

Other Words for Recession

Recession Noun Synonyms: set-back, (economic) downturn, slump, decline, dip, depression

Precession Of The Equinoxes

Science / Astrology / Precession Of The Equinoxes: The gradual westward shift (about 50' each year) of the equinoctial points along the ecliptic due to the ecliptic due to the rotational movement of the poles of Earth's axis. This phenomena creates an MORE


Science / Astrology / Precession: The circular motion of Earth's axis around the pole of the ecliptic, caused by the gravitational pull of the Sun and Moon on the bulging part of the equator. One complete revolution takes approximatel MORE

Monetary Policy

Business / Finance / Monetary Policy: Actions taken by the Board of Governors of the Federal Reserve System to influence the money supply or interest rates. MORE