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.
Forecasting a global recession. IT IS rare for economists, particularly those at an investment bank, to forecast a recession. For a start, it is difficult to get it right; a recession is by definition a change in trend and economists tend to extrapolate from past ones. But secondly, it is a career risk. One economist once told Buttonwood that, âI never forecast a recession.