Recession period

Translation of "recession period" into Russian

recession period

период рецессии

During the recession period, many businesses struggled to survive.

В период рецессии многим предприятиям было трудно выжить.

Definitions

A recession period is a significant decline in economic activity across the economy that lasts for an extended period, typically recognized as two consecutive quarters of negative gross domestic product (GDP) growth, along with other indicators such as rising unemployment, falling consumer spending, and decreased industrial production.

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