- The act of receding or withdrawing, as from a place, a
claim, or a demand. - The act of ceding back; restoration; repeated cession;
as, the recession of conquered territory to its former sovereign.
Recessionary Gap Recessionary Gap is a macroeconomic phrase that describes when a nation's real GDP is lesser than its GDP at high engagements. Also known as the Contractionary Gap...
Great Recession Great Recession was a broad decrease in national economies including gross domestic products and unemployment rates throughout the world between 2007 and 2009.
Recession Recession is a condition in which the total real GDP of an economy shrinks (usually, for at least two consecutive quarters).
A recession provides ...
Definition
[ n.]