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Negative ConnotationPlay
The term 'recession' has a negative implication, often associated with job losses and financial struggle. SlideThe last recession resulted in a high unemployment rate.
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Business CyclePlay
A recession is part of the economic cycle, following a period of growth and preceding recovery. SlideEconomists predicted the recession after years of market expansion.
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Official CriteriaPlay
Often defined as two consecutive quarters of negative GDP growth, which helps identify a recession. SlideThe country entered a recession after two straight quarters of contracting GDP.