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Recession
Term category: Economics
In 10 words or less: A period when the economy is performing very poorly.

Definition: A period in which the economy is in an overall decline. The technical definition is at least 2 quarters of declines in GDP.

StockJargon Advice: Recessions are never fun to go through. These are periods of rising unemployment and falling stock prices. However, they're part of normal business cycles and the economy always comes out of them.

The government can take steps to improve the economy by lowering interest rates, which makes people want to spend more.

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Related Books

Freakonomics by Steven Levitt
A Random Walk Down Wall Street by Burton Malkiel
The Wealth of Nations by Adam Smith
The Rise and Decline of Nations By Mancur Olson

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