Concept information
Preferred term
Economic Recession
Type
-
mesh:Descriptor
Definition
- Significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real gross domestic product, real income, employment, industrial production, and wholesale-retail sales. (National Bureau of Economic Research, Inc, www.nber.org/cycles.html, accessed 4/23/2009) Severe economic downturn that lasts several years.
Broader concept
Synonym(s)
- Recession, Economic
Allowable Qualifier(s)
In other languages
-
French
URI
http://data.loterre.fr/ark:/67375/JVR-D2G31GRW-V
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