Economic Recession

**Definition:** Significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real gross domestic product, real income, employment, industrial production, and wholesale-retail sales. (National Bureau of Economic Research, Inc, www.nber.org/cycles.html, accessed 4/23/2009)

**Tree numbers:** - I01.261.425

**Synonyms:** - Recession, Economic