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.
The term is also often used figuratively in other contexts; for example, economic malaise refers to an economy that is stagnant or in recession (compare depression). The term is particularly associated with the US 1973â75 recession.