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Concept information

... > contexts > population characteristics > socioeconomic factors > poverty > economics of poverty > recession
... > contexts > population characteristics > socioeconomic factors > poverty > causes of poverty > recession

Preferred term

recession  

Definition

  • A state of the economy that occurs when there is a slowdown or downturn of economic activity for two consecutive quarters or more. The slowdown is a manifestation of increased unemployment above its natural (long-run) rate and plummeting real output (GDP). [Source: The SAGE Glossary of the Social and Behavioral Sciences; Recession]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-F0PBQN9Q-H

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