Recession
A recession is a significant, widespread decline in economic activity, commonly defined as two consecutive quarters of shrinking . In the US, the official call is made by the National Bureau of Economic Research (NBER), which looks at a broader set of measures. Recessions typically bring rising unemployment, falling consumer spending, and weaker corporate .
Not every slowdown becomes an official recession, and the exact timing of a recession is often only confirmed well after the fact. prices frequently start falling before a recession officially begins and often start recovering before it officially ends, since markets tend to price in expectations about the economy rather than just react to current conditions.