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.
Causes of Economic Recession. When a nation's calculated gross domestic product is affected negatively on account of decline in the economic activities, the situation is described as an economic recession. The calculation of a country's gross domestic product or GDP is usually for two or more successive quarters of a year. Many economists judge recessions to better understand the causes and find effective solutions to them. This period is emblematic of significant decline in economic activity.