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.
A recession is defined as a period of negative economic growth. However, there can be different causes and types of economic contraction. Different types will influence the length, depth and effects of the recession. These are some of the different types of recessions.