What Is The Actual Definition Of A Recession?
With the stock markets currently all over the place lately, there have been plenty of talks about recessions, bear markets, double dips, and tons of other financial vocabulary words that are thrown around. But, what is the definition of a bear market? How do you define a recession? It may not be as easy as you think. You may actually not care either. What Is The Definition Of A Recession? While there are no clear cut definitions of a recession and no government agencies that host the one true, undisputedly accepted definition of a recession, most economists and financial planners agree upon one traditionally accepted definition of a recession. Most people now accept that two consecutive quarters of declining Gross … Read more