Financial Poise


  • December 28, 2022
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A period during which economic activity declines, usually meaning at least two sequential periods during which there is a decline in a country’s tax-adjusted gross domestic product (GDP). While there is no single agreed-upon determination for what constitutes a recession, the economic activity that’s evaluated when determining a recession includes the labor market, consumer and business spending, industrial production, domestic military spending by the government, and incomes. Read this article for more specific details.