Clear, with a low around 58. West wind 9 to 14 mph becoming south southwest after midnight. Winds could gust as high as 18 mph.
Definition of recession: A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession... Definition of recession: A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.
A depression is a prolonged period of economic recession marked by a significant decline in income and employment. There is no widely accepted definition of depressions. However, some people use a rule of thumb for a depression of 10% decline in economic output as measured by the GDP.