Recession dating committee
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. Recessions are visible in industrial production, employment, real income, and wholesale-retail trade.
Early 2000s recession
Business Cycle Dating | NBER
The company initially tried a number of ideas for content, including being a directory of information about Chicago. Bomis created Nupedia as a free online encyclopedia with content submitted by experts but it had a tedious, slow review process. The non-profit Wikimedia Foundation began in with a board of trustees composed of Bomis' three founders Wales, Davis, and Shell  and was first headquartered in St. Petersburg, Florida ,  Bomis' location. Jimmy Wales left a study track at Indiana University as a PhD candidate to work in finance before completing his doctoral dissertation.
The Racial and Economic Justice Report
In economics , a recession is a business cycle contraction when there is a general decline in economic activity. This may be triggered by various events, such as a financial crisis , an external trade shock, an adverse supply shock , the bursting of an economic bubble , or a large-scale anthropogenic or natural disaster e. In the United States, it is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP , real income, employment, industrial production, and wholesale-retail sales". Governments usually respond to recessions by adopting expansionary macroeconomic policies , such as increasing money supply or increasing government spending and decreasing taxation.
The business cycle is the natural rise and fall of economic growth that occurs over time. The cycle is a useful tool for analyzing the economy. It can also help you make better financial decisions. Learn more about what a business cycle is, how a business cycle works, and the four phases that each business cycle has.