Recession

October 5, 2025 - There is no official definition ... is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."...

The result can sometimes be a drop ... in recession. Financial crises. Dysfunction in financial markets, if widespread and deep enough, can result in greater economic problems. When financial markets do not function properly, this can lead to tightening credit conditions throughout the economy and decreased demand. Housing market crashes. Owner-occupied housing represents a significant share of household wealth in the United States...

It is a sustained period when economic output falls and unemployment rises

August 25, 2025 - A recession is a significant decline in economic activity that lasts longer than a few months—though it can take years for an economy to fully recover from one.

Dwindling production and consumption as well as higher unemployment or lower prices are telltale signs the economy has made its way into recession territory. The National Bureau of Economic Research (NBER), a leading economic think tank founded ...

Companies will experience turbulence due to domestic and international economic instability, which will be further exacerbated as half of the large and mid-sized banks in the US begin implementing stricter requirements for commercial loans.

By Stijn Claessens and M. Ayhan Kose - It is a sustained period when economic output falls and unemployment rises

August 23, 2023 - Rising interest rates and economic uncertainty are leading many Americans to worry about another recession. During a recession, people may experience significant impacts on their daily lives.

2 weeks ago - There have been as many as 48 ... the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment ......

April 23, 2020 - In fact, the current state of the U.S. economy is still quite stable, according to most measures. In the simplest terms, a recession happens when growth stops and the economy begins to shrink.

Economic expansions create opportunities: new businesses, more jobs, and higher wages. Recessions reduce opportunities: failed businesses, fewer jobs, and lower wages. Recessions normally don't happen every year, but they're not unusual.

The decline in overall economic activity was modest at first, but it steepened sharply in the fall of 2008 as stresses in financial markets reached their climax. From peak to trough, US gross domestic product fell by 4.3 percent, making this the deepest recession since World War II.

March 28, 2024 - A recession is an extended period of economic decline. In the US, the National Bureau of Economic Research (NBER) announces a recession's start and end.

NBER defines recession as a "significant decline in economic activity that is spread across the economy and that lasts more than a few months," but it does not have a set numerical formula to determine a recession. Instead, NBER evaluates three criteria—depth, diffusion, and duration—using a variety of monthly economic indicators including income, employment, consumption, sales, and industrial production. An outsized impact to one criterion can make up for a weaker impact to another. For example, in July 2021, NBER declared the United States to have been in a recession from March to April 2020 owing to the extreme drop in economic activity, despite the brevity of the contraction.

August 16, 2022 - You have to increase my salary.’ And when that happens, then companies are likely to let people go,” Dr. Saravia said. “So, the labor market is strong for now, but when nominal wages adjust to be on par with inflation, then that’s when we’re going to start seeing unemployment, and that’s very, very typical in a recession.”

March 11, 2025 - On Tuesday, Trump boosted import taxes on steel and aluminum from Canada to 50 percent, from 25 percent, in response to Ontario’s imposition of duties on electricity it sends to the United States. For now, the economy appears to be stable. Stock prices often fluctuate and sharp, temporary drops typically don’t harm the economy. Most analysts still think the chances of a recession are fairly small.

The détente between the U.S. and China points to a reduced U.S. tariff tax hike and a smaller slide in global sentiment. Consequently, the U.S. economy is expected to skirt a recession, although the drag on second-half growth could still be significant.

March 20, 2025 - Perhaps most damaging of all, the ... growth that had supported the expansion. Industrial production began falling in September. It would decline 32% in the course of the recession....

March 12, 2025 - More specifically, NBER looks at ... The upshot: In a recession, the decline in economic activity must be significant, sustained and widespread, rather than limited to a particular sector....

March 12, 2025 - Businesses typically cut back on spending and investment, scale down hiring and lay off workers, setting off a ripple effect that impacts jobs, wages, consumer spending and access to credit.