Skip to main content

Sage Social Science Thesaurus

Search from vocabulary

Content language

Concept information

... > contexts > population characteristics > socioeconomic factors > poverty > causes of poverty > recession
... > contexts > population characteristics > socioeconomic factors > poverty > economics of poverty > recession

Preferred term

recession  

Definition

  • A state of the economy that occurs when there is a slowdown or downturn of economic activity for two consecutive quarters or more. The slowdown is a manifestation of increased unemployment above its natural (long-run) rate and plummeting real output (GDP). [Source: The SAGE Glossary of the Social and Behavioral Sciences; Recession]

Broader concept

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/recession

Download this concept:

RDF/XML TURTLE JSON-LD