What is the meaning of the word recession?

Answer 1

Recession means period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by high unemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression. Although recessions are considered a normal part of a capitalist economy, there is no unanimity of economists on its causes.

Answer 2

A recession is when the government goes into a economic crisis. Such as what Bush put us through the last 4 yrs he was president, and what obama is going tro do srry its pollitics