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Recession (3)
RECESSION (3)

Definitions:

i. (economics) Two quarters - six months - of negative economic growth in a row.

ii. (economics) A temporary falling off of business activity, less serious than a depression.
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* All five elements should be in.


1. Decline in value of currency, that is, a reduction in purchasing power.

2. Increase in the rate of unemployment or underemployment.

3. Reduction in foreign reserves (where applicable).

4. Negative balance of trade and payments (where applicable).

5. Supply never meets demand at this point in time.
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* BEARISH STOCK MARKETS.

See perfect TEMPORARINESS.

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