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Recession

Posted on February 20, 2011 by Tom DeGrace

Recession is a period of economic decline which generally leads to higher unemployment and a contracting GDP.

Understand How Recession Works

The general consensus is that a recession is at least 2 consecutive quarters of negative GDP growth.  The NBER or Business Cycle Dating Committee makes the official declaration as to when the recession began and ended which is there usually 3-6 months delay.

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