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What is Recession?
A period of economic contraction defined as GDP shrinking for two consecutive quarters.
ExampleHigh interest rates weighed on consumption and the economy entered an official recession.The figures in the example illustrate the concept; they are not current market data.
Related terms
GDP (Gross Domestic Product)The monetary value of all goods and services produced within a country's borders over a given period.Bear MarketA prolonged downtrend in which the market falls at least 20% from its peak.Liquidity CrisisA situation in which the financial system runs short of cash and liquid assets, and credit and markets freeze.StagflationAn economic condition in which high inflation occurs together with stagnation and high unemployment.
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Frequently asked questions
What is Recession?
A period of economic contraction defined as GDP shrinking for two consecutive quarters.
What is Recession called in Turkish?
In Turkish financial reporting and news, Recession is called Resesyon.
Which concepts are related to Recession?
The concepts most often mentioned together with Recession are GDP (Gross Domestic Product) and Bear Market.