'Business cycle dating committee' presentation slideshows

SPP1 topic 2

SPP1 topic 2. XiaoZhen Chen Hai Tran Ng Man. Recession. Recession. What is a recession? A Recession is a period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.

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BUSINESS CYCLES

BUSINESS CYCLES. Recurring changes in the level of business and economic activity over time Economy grows, reaches a peak, begins a downturn followed by a period of negative growth (recession) Ends in a trough before the next upturn. To be considered a cycle, NBER has 4 Factors

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