BNET Business Dictionary
Business Definition for: Recession
- 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.
Additional Resources
- Whose Recession Strategy Is the Smartest? | BNET Poll
- Whose Recession Strategy Is the Smartest? | BNET PollRE: Whose Recession Strategy Is the Smartest? | BNET PollAs always in life the right answer is the one that fits your business the best. I make my plans on the facts and conditions that surround my business, not herd think.RE: Whose...
- Discussion threads 2008-10-23
- How Long Will The Recession Last?
- How Long Will The Recession Last?RE: How Long Will The Recession Last?You're right that we aren't formally in a recession. The unemployment numbers are accelerating at a rate not seen before without one occurring, but it hasn't happened yet. as for dealing with the problem, perhaps the government is...
- Discussion threads 2008-10-03
- Recession May Be Over, But Don't Relax Just Yet
- If the recession really is over, what should companies do? Can they take it easy now? Well, they could try taking the credit for ending the slide in economic activity or they could thank the government for slashing interest rates and keeping consumer spending buoyant. ...
- Blog posts 2009-06-11
- How Hyperinflation Can Accompany a Deepening Recession
- There is talk about the possibility of stagflation, that is, a stagnant economy going nowhere, at the same time we have inflation. The idea is easily explained, using the quantity theory of money and some ideas on whether people come to expect inflation. I will explain it, but not just...
- External links 2009-10-28
- Global recession nearly over says consumer report
- Consumer confidence is on the rebound as they start thinking beyond the recession, says a report from Nielsen. According to the ?Nielsen Consumer Confidence, Concerns and Spending? report the global consumer confidence index increased nine points in the 3rd quarter. In October 2009, 66% of global consumers said their economy...
- News items 2009-11-05
- Should You Up Your Marketing During a Recession?
- If the U.S. economy is about to take a dirt nap for a quarter or four, time to cut marketing budget, right? Not necessarily, according to a 2005 report out of Penn State's Smeal College of Business, “Turning adversity into advantage: Does proactive marketing during a recession pay off?†I...
- Blog posts 2008-02-06
- Recession is Only the Beginning | BTalk Australia
- (18min 54) Professor Steve Keen says the Aussie economy has a long way to fall yet. The current situation is the work of neoclassical economists who didn’t understand the importance of controlling debt, which is now over $2 trillion. He points to the RBA, whose decision not to lower interest...
- Blog posts 2009-03-09
- Wal-Mart Focuses on Retaining Customers Beyond Recession
- Wal-Mart CEO Mike Duke is looking beyond the recession, placing emphasis in the company’s first quarter conference call on its ability to retain high-income customers won during the recession. Not that he’s predicting a rapid economic rebound. Rather, he noted that business improvements Wal-Mart has made and...
- Blog posts 2009-05-14
- Five Strategies for Selling During a Recession
- Are these the worst of times? Or are they the best of times — to prove your product's value, snatch up top talent, and make your regular customers feel special? Depends on your perspective. ...
- Articles 2009-06-26
- Retail Needs A Longer Recession
- “The silver lining of a recession is that it clears out the weaker competitors of the high street.†That’s what the finance director of a well-known clothing retailer told me at the end of 2008. He planned to make sure his business is a survivor --and pick up his rivals'...
- Blog posts 2009-08-11
- Recession Recovery: Is it All in the Mind?
- Reading BNET1's latest find from Bain & Co, it occurs to me that there's rarely a day that goes by without a new usually pessimistic forecast about the economy, an industry, or an individual business. But whose predictions should we heed -- how reliable are the analysts...
- Blog posts 2008-12-02
- Morgans Hotel Group: Be the Symbol of Recession Defiance
- Don't pretend the recession doesn't exist — look your customers in the eye and offer them ways to get through it. They will appreciate you for it. Last fall, late at night, the...
- Articles 2009-07-20
- aposFlight to value' will soar after recession and reshape mid-market
- You are here: News / 'Flight to value' will soar after recession and reshape mid-market The recession has brought about a new way of shopping and these changes will be permanent, bringing about a step change in the way consumers perceive 'value' and spend money, according to PwC. PwC's latest...
- News items 2009-10-30
- European Recession Over, Still Blackspots
- By Brian LovePARIS (Reuters UK) - The euro zone shook off recession in the third quarter although the largely government-engineered rebound after more than a year of shrinkage fell a little short of forecast, official estimates showed on Friday.Economists said the comeback appeared to be mostly driven by exports and...
- News items 2009-11-13
- Who's Your City: How Creative Class Cities Will Beat the Recession
- In this interview with BNET, Richard Florida explains why his latest book "Who's Your City?" matters to workers during a recession and how a business's location affects not only the talent pool, but also its ability to innovate. ...
- Articles 2008-03-20
- Top 5 Recession-Proof Jobs
- The Find: The economic news may be moving from bad to dreadful, but at least some folks don't have to worry; one recruitment company has identified the top five recession-proof jobs. The Source: A study from Washington, DC based recruitment company, Jobfox. The Takeaway:...
- Blog posts 2008-07-16
- As Italy Enters Its Fourth Recession Since 2000, Who Will Bail Out Unicredit?
- Edward Hugh submits: Italy, which is still the eurozone's third biggest economy, slipped into a recession in the third quarter. The Italian economy fell into what is now its fourth recession in less than a decade as gross domestic product shrank 0.5 percent from its level in the second...
- External links 2008-11-14
- The Australian Economy Is in Recession, And It's Getting Worse
- Gerard Jackson submits: That our economic commentariat is still wondering whether Australia will "go into recession" is proof positive just how clueless they are. The recession is here and it's going to get worse. For month after month manufacturing has been contracting and shedding labour. Manufacturing is a leading indicator,...
- External links 2009-01-19
- McKinsey: So Far, It's Just Another Recession
- This current economic recession may not mean the sky is falling, according to a research study posted on the McKinsey Quarterly. In Mapping Decline and Recovery Across Sectors, McKinsey partner Timothy M. Koller and two McKinsey consultants, Bin Jiang and Zane D. Williams, analyzed the financial performance of U.S. companies...
- Blog posts 2009-01-26
- ValueClick Q4: Recession Arrives on the Web and It Ain't Pretty
- ValueClick's Q4 results today were horrible, and they give the lie to the notion -- propagated here on BNET, mea culpa -- that the recession will leave the web advertising business unscathed. Its Q4 revenues were $150 million, down 15 percent from $175 million the year prior....
- Blog posts 2009-02-12
