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- An economic downturn is a period of slowed economic activity marked by declining GDP, reduced global demand, sluggish job growth, increased borrowing costs, and reduced credit availability1. It occurs when the value of stocks, property, and commodities fall, productivity either grows more slowly or declines, and GDP shrinks, stands still or expands more slowly2. A recession is a significant, widespread, and prolonged downturn in economic activity, which is usually defined as two consecutive quarters of negative GDP growth3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An economic downturn (also known as an economic recession) is a period of slowed economic activity marked by declining GDP (Gross Domestic Product), reduced global demand, sluggish job growth, increased borrowing costs, and reduced credit availability.startupgeek.com/blog/economic-downturn/An economic downturn, or a downturn, occurs when the value of stocks, property, and commodities fall, productivity either grows more slowly or declines, and GDP (gross domestic product) shrinks, stands still or expands more slowly.marketbusinessnews.com/financial-glossary/econo…A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth mean recession, although more complex formulas are also used.www.investopedia.com/terms/r/recession.asp
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