The real definition of a recession. We dread the idea of a recession, but it is actually part of the economic cycle. On a broader scale, this means that businesses lose money and industry produces less product for two quarters — or six months — in a row. First, let’s take a look at how economies work when they’re healthy and growing. A recession is a significant decline in economic activity that lasts for months or even years. Honeywell emerged from the Great Recession in better shape than it did the 2000 recession in terms of sales, net income, and cash flow, despite the fact that the 2008 downturn was much more severe. Experts declare a recession when a nation’s economy … A recession is a period of economic decline spread across the economy that occurs more often than you may think. Find out some of the good things that can come out of a recession. One of the hardest topics for executives to talk about is their company’s recession business strategy. See more. What does a recession mean for the UK? Definition of an economic recession. Usually, high consumer confidence generates more spending, which in turn leads to higher business productivity. A recession is a downturn in the economy. Downturn definition, an act or instance of turning down or the state of being turned down: the downturn of a lower lip in a permanent pout. But the word, of course, has other uses. While recessions are hard to quantify, typically economists peg a recession as two or more consecutive quarters of a negative growth rate of gross domestic product (GDP)—which is the total value of everything that the country produces, as assessed by the Bureau of Economic Analysis (BEA).. That can be an easy, measurable way to determine if you’re in … A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.” But what does this mean exactly? What else do recession and depression mean? A downturn is also a good time to invest in people—for example, to upgrade the quality of your management teams. What does a recession mean for everyday people? A recession is a period of economic decline, signaled by an increase in unemployment, a drop in the stock market, and a dip in the housing market. Here's why and how they happen. There are concerns the next global recession may be just around the corner, so what exactly is a recession? The Office for National Statistics (ONS) has reported the economy grew in June by 8.7 percent, following on 2.4 percent of growth in May. The word recession is commonly used in the context of economics. Utter the word recession around a boardroom table and you’ll likely hear a collective groan.Conversations about the implications of a future economic downturn are usually approached begrudgingly and with a “hopefully we never have to deal with that” kind of attitude. 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