the.com/economic decline
the graph everyone sees coming and no politician will call by name.
means a sustained fall in a economy's output, income, and jobs, not just one bad quarter.
from emerged as a term of art in 20th-century economics to describe drops milder than crash but longer than dip, distinct from the sharper, dated word depression.
technical markertwo straight quarters of shrinking GDP signals recession
lagging clueunemployment often peaks after growth already resumed
self-fulfillingfear of decline can itself trigger the decline
not symmetricdownturns average shorter than the recoveries that follow