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 contractionary phase of the business cycle is often described as a recession. There is no firm definition of what constitutes a recession, but it is generally described as a significant decline in economic activity spread across the economy and lasting more than a few months.