What exactly is a ‘recession’?

November 2024 Forums General discussion What exactly is a ‘recession’?

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    Lew
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    UK Office for National Statistics:

    “In times when the economy appears to be slowing, commentators will inevitably debate whether or not it is moving into ‘recession’. There is, however, no official definition of a recession and the one most commonly used has the potential to be misleading.”

    Uncertainty and the ‘r’ word: What exactly is a ‘recession’?

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