Recession

The most common definition of a recession is a fall in real (inflation-adjusted) gross domestic product for two or more quarters in a row.

Economists disagree on what constitutes a recession. The most common definition is a fall in real (inflation-adjusted) gross domestic product the standard wealth measure for an economy for two or more quarters in a row. Others argue that depth, rather than duration, is the key, and look for a "significant decline in economic activity", using indicators such as jobless data.

Quarterly GDP data can also be subject to substantial revisions, so using monthly data from a range of sources gives a more timely view.The National Bureau of Economic Research uses business activity. Its research suggests recessions last about a year and occur after business activity peaks and starts to fall, but before it bottoms out.

Most Popular

Fan heater vs oil heater – which is cheaper?
Personal finance

Fan heater vs oil heater – which is cheaper?

Sales of portable heaters have soared, as households look to cut their energy costs. But which is better: a fan heater or an oil heater? We put them t…
21 Nov 2022
Best regular savings accounts – December 2022
Savings

Best regular savings accounts – December 2022

You can earn an attractive rate on the best regular savings accounts. We tell you the best on the market to take advantage of right now
1 Dec 2022
2 investment trusts with growing dividends: which one should you invest in?
Investment trusts

2 investment trusts with growing dividends: which one should you invest in?

They might not have spectacular yields but these two trusts have increased their dividend every year for 55 years.
24 Nov 2022