Recession vs Downturn - What's the difference?
recession | downturn |
The act or an instance of receding or withdrawing.
* Jeremy Taylor
A period of reduced economic activity
The ceremonial filing out of clergy and/or choir at the end of a church service.
As nouns the difference between recession and downturn
is that recession is the act or an instance of receding or withdrawing while downturn is a downward trend, or the beginnings of one; a decline.recession
English
(wikipedia recession)Noun
(en noun)- Mercy may rejoice upon the recessions of justice.
- ''Statisticians often define a recession as negative, real GDP growth during two consecutive quarters.