What is recession in it sector?
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A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly
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A recession is a significant decline in economic activity , lasting more than a few months. In a business cycle recession is period between the peak and the trough . THE NATIONAL BUREAU OF ECONOMIC RESEARCH analyzes the UNITED STATES economy to determine where it is in the business cycle.
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