by Anonymous on March 15th, 2004

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What is the technical definition of a recession?

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  • by Yoyo Head on March 16th, 2004

    Yoyo Head

    Officially, what defines a recession is two consecutive quarters of negative growth in real Gross Domestic Product. In practice, any period of high rates of unemployment, interest rates, inflation, or other indicator is called a receccion by politicians and media people.

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