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.
Updated 2015-09-11. Recessions are the low points of the normal economic cycle. A depression is defined as a recession that is unusually long lasting and severe. The term business cycle is used in several ways in business.