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.
Popular Terms. Annual rate at which a country's or an industry's income increases. When this rate is adjusted for the effects of inflation, it is termed real economic growth. Two consecutive quarters of falling growth rates mean a recession, and a similar period of rising growth rate indicates an expanding economy.