Economic recession

See also: Recession

A economic recession is a momentary reduction in the Production. With the the United States, the semi-official criterion is two consecutive quarters of reduction in GDP. If there is not that one quarter of fall of the Production then a recovery with the second quarters, one cannot speak about economic recession.

The concept is to be distinguished from:

  • deceleration , where the growth of the GDP decreases but remains positive (the economy continues to grow, but more slowly);
  • depression, where the reduction in the GDP is durable, and the Business cycle is not rectified naturally.

In the United States, where the stabilizing role of the State is reduced, it occurs a recession all the 5 to 10 years (last being in 1991 and 2001). Since 1950, the France knew two recessions, in 1974 and 1993.

See too

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