Short review to the classic definition of Economic recession

 

Economic recession, always known by increasing the prices, decreasing financial turnover and economic problems for the people, but what is the classic definition for Economic recession in the markets.

An economic recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

During an economic recession, people will experience the need to work more and this makes the markets dynamic and active after a few months and years.