a stage of the business cycle in which economic activity is in slow decline. Recession usually follows a boom, and precedes a depression. It is characterized by rising unemployment and falling levels of output and investment.
Wiktionary Definition for: Recession
Decline in GDP growth, usually during two consecutive quarters.
The ceremonial filing out of clergy or the choir at the end of a church service.
Many senior managers, especially in North America, have little or no experience steering their firms through a recession. So when the next recession arrives, they’re likely to react instinctively and hunker down with fixed cuts across the board. A recession is always under way somewhere around the globe. The first...
Rick Newman submits: Don't know about you, but I can't take it anymore. It's a popular parlor game these days to argue over whether we're in a recession or not. By now, everybody knows the competing claims. In this corner are the quantonomists, who say it can't be a...
When and Where Will the Recession Hit the Advertising World?My thought on Recession AdvertisingI cover this topic a bit the other day.http://bigbry.wordpress.com/2008/01/23/advertising-in-a-recession
LOS ANGELES -- In its third quarterly report of 2007, the UCLA Anderson Forecast remains consistent in its assertion that the national economy is not technically in a recession, though the group's economists are calling current conditions "a near recession experience." A recession is defined as a two consecutive quarter...
* Recession? What recession? Several government reports released last week suggest that the economy is starting to inch its way out of recession. First, the number of U.S. workers seeking first-time jobless benefits fell by 8,000 to a seasona ...
Is the nation entering a recession? Or will we dodge a downturn next year? Who knows? But for marketers, agencies and media plotting plans for 2008, the recession question isn't entirely relevant. Is the nation entering a recession? Or will we dodge a downturn ...
After months of economic insecurity, the national recession appears near an end and moderate growth can be expected in the next year, according to George Kahn, vice president and economist at the Federal Reserve Bank of Kansas City. "It is likely that the recession has already ended," Kahn said. Speaking...
Ed Leamer of UCLA has a very interesting discussion that relates directly to my recent post asserting that we probably weren't in a recession. Here's the abstract of his paper: Monthly US data on payroll employment, civilian employment, industrial production and the unemployment rate are used to define a simple...
In a sharp turnaround from their fortunes in the 1990-91 recessions, banks came through the 2001 recession reasonably well. A look at industry and economy-wide developments in the intervening years suggests that banks fared better largely because of more effective risk management. In addition, they benefited from a decline in...
Michael Shedlock submits: David, Rosenberg, Merrill Lynch's chief North American economist, says the US Remains Firmly In Recession. Merrill Lynch’s David Rosenberg, the first economist from a major bank to declare a US recession was underway back in early January, argues that recent unemployment figures show yet more evidence...
This article explains several ways to capitalize on the recession and move your business or career forward like emphasizing on several low cost products or services that will appeal to the thrifty etc. it also offers helpful solutions that cut right to the problem. Read on to know more....
Keep the Recession From Killing ProductivityRE: Keep the Recession From Killing ProductivityI agree with you that the biggest productivity robbers has to do with the internet. But the trouble with the internet, it is like, food. You can't live without it and yet when you eat too much of food,...
Economic theory suggests that vulnerable financial conditions of the corporate sector can trigger or worsen an economy-wide recession. This paper proposes a measure of corporate vulnerability, the Corporate Vulnerability Index CVI and analyses whether it can explain the probability and severity of recessions. The CVI is constructed as the default...
Chances of at least a mild recession are increasing, suggests an influential government survey that underscores unusually frank comments about the economy's weakness by Federal Reserve Chairman Alan Greenspan.
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