[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:recession":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Frecession.md","Recession",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-recession","Understanding Recession",[16,17,18],"p",{},"Recessions show up in falling GDP, income, employment, and industrial production.",[16,20,21],{},"In the U.S., the National Bureau of Economic Research (NBER) officially dates recessions, often months after they begin.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"economy","A significant, widespread decline in economic activity lasting more than a few months.","md",[],{},true,"\u002Fterms\u002Frecession",[35,36,37],"gdp","bear-market","inflation",{"title":6,"description":28},"terms\u002Frecession",[41,42,43],"A recession is a broad, lasting fall in economic activity.","Two quarters of falling GDP is an informal rule of thumb.","The NBER dates U.S. recessions after the fact.","Ri8pV6v0xmRWFsOtfbOpAxmoSRAZz_HXO1xFA4i-YN4",[46,50,54],{"title":47,"description":48,"path":49},"Bear Market","A period when a broad market index falls 20% or more from its recent high.","\u002Fterms\u002Fbear-market",{"title":51,"description":52,"path":53},"Gross Domestic Product (GDP)","The total value of goods and services produced in a country over a period.","\u002Fterms\u002Fgdp",{"title":55,"description":56,"path":57},"Inflation","The rate at which the general level of prices rises, eroding purchasing power.","\u002Fterms\u002Finflation",1793226379245]