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Recession

A recession A recession A recession A recession in economic terms is a period of downturn when growth is in decline for a sustained peri... More in economic terms is a period of downturn when growth is in decline for a sustained peri... More in economic terms is a period of downturn when growth is in decline for a sustained peri... More in economic terms is a period of downturn when growth is in decline for a sustained period of time. Economic contraction tends to happen when there is a decrease in spending by both consumers and government. Recessions have a direct effect negatively on employment.