Is recession the opposite of inflation?

Question:

Hello,

I was wondering whether a recession is the opposite of inflation or is it the opposite of economic growth. What is it, really, the opposite of?

Thank you

Answer:

A recession is a period of general economic decline, a contraction in the GDP for six months (two consecutive quarters) or longer. In that sense, they represent negative growth.

Last updated on
March 9, 2018

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