Any decline in activity might be what news reporters are sensationalizing the word recession into, but that's not the proper economic definition of the word rec

Any decline in activity might be what news reporters are sensationalizing the word recession into, but that's not the proper economic definition of the word recession. >A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It is typically recognized after two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators like employment. Recessions are officially declared in the U.S. by a committee of experts at the National Bureau of Economic Research (NBER), who determines the peak and subsequent trough of the business cycle which demonstrates the recession. https://www.investopedia.com/terms/r/recession.asp https://www.investopedia.com/terms/r/recession.asp To dive in deeper: I don't have a proper definition of "economic decline" but as far as I am aware it means, not a slowing economy, but a dropping economy. eg, the market going down, or unemployment rising.