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单词 recession
释义 recession

A slowdown or fall in economic growth rate. A recession is defined by the US National Bureau of Economic Research as a decline in Gross Domestic Product in two successive quarters. A severe recession is called a depression. Recession is associated with falling levels of investment, rising unemployment, and sometimes falling prices.

See also:

business cycle.

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更新时间:2025/4/18 1:38:08