Changes

A '''recession''' is a decrease in an [[economy]]'s [[employment]] and output and the [[income]] of its citizens.  Typically there is also a decline in personal and business optimism, and a decline in the rate of [[consumption]] and capital [[investment]] in business activity.

A '''recession''' implies at least two quarters of negative economic activity. [http://money.cnn.com/2008/03/06/pf/minds_over_money.moneymag/index.htm?postversion=2008031312]

It is a decrease in an [[economy]]'s [[employment]] and output and the [[income]] of its citizens.   

There may also be a decline in personal and business optimism, and a decline in the rate of [[consumption]] and capital [[investment]] in business activity.

The generally accepted definition of a recession is based on the decline in [[gross domestic product]] (GDP) for two consecutive quarters.  In the United States the [[National Bureau of Economic Research]] makes the decision on if the economy has entered a recession, and when it is completed although local areas may be impacted before the nation.

The generally accepted definition of a recession is based on the decline in [[gross domestic product]] (GDP) for two consecutive quarters.  The [[National Bureau of Economic Research]] makes an announcement on whether the United States economy has entered a recession.

Several strategies exist for dealing with recession:  

Several strategies exist for dealing with recession: