Welcome to Banning. California. The City of Banning is strategically located astride Interstate 10 in the San Gorgonio Pass. The City, incorporated in 1913, has a rich and colorful history. Initially, Banning served as a stagecoach and railroad stop between the Arizona territories and Los Angeles.
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market.
(economics) Moving in the opposite direction as the overall state of an economy The unemployment rate is countercyclical, it's lower when economic health is high, and higher when the economic health is lower.. (public policy) Dampening the cyclical fluctuations of an economy.