DEMO — development content for layout testing. Not real editorial reporting.

DEMO content for development and layout testing — not real editorial reporting.

Business cycles alternate between expansions and contractions in economic activity. A recession is generally understood as a significant, broad-based and lasting decline.

How it works

Committees that date cycles in some countries look at employment, real income, consumer spending and industrial production as well as GDP, and announce turning points only after the fact.

Popular shorthand defines a recession as two consecutive quarters of falling output. Official dating bodies use a broader test.

What to watch

For businesses and policymakers, the depth and duration of a downturn usually matter more than whether it meets a formal definition.

Key concepts

  • Business cycle
  • Recession

Topics

About the author

GEJ Demo Desk
Demo content (development only)

Placeholder byline used for DEMO content during development. Replace with real staff profiles before launch.

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