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reccession

 

Definitions from the Web

Term: Recession

Description:

A recession refers to a period of general economic decline, typically characterized by a decrease in gross domestic product (GDP) over a sustained period of time. It often involves a significant decline in economic activity, business profits, and employment.

Sample sentences:

  1. During a recession, many companies lay off employees to cut costs.
  2. The recession of 2008 had a severe impact on the housing market.
  3. Investors tend to become cautious during a recession, leading to a decline in stock prices.

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