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While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation. The NBER recession is a monthly concept that takes account of a number of monthly indicators—such as employment, personal income, and industrial production—as well as quarterly GDP growth.The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U. Therefore, while negative GDP growth and recessions closely track each other, the consideration by the NBER of the monthly indicators, especially employment, means that the identification of a recession with two consecutive quarters of negative GDP growth does not always hold.Using other indicators can also provide a timelier gauge of the state of the economy.In the United States, the private National Bureau of Economic Research (NBER), which maintains a chronology of the beginning and ending dates of U. recessions, uses a broader definition and considers a number of measures of activity to determine the dates of recessions.Very short periods of decline are not considered recessions.Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation-adjusted) gross domestic product (GDP)—the value of all goods and services a country produces.

To qualify as "significant", a contraction must meet the 3 P's test: it must be pronounced, pervasive, and persistent.It led to a sharp increase in unemployment—along with substantial declines in output, consumption and investment.There is no official definition of recession, but there is general recognition that the term refers to a period of decline in economic activity.Whether matchmaking soul mates, facilitating marriages or simply starting two strangers off on the right path, online dating is jaw-droppingly brilliant in that it taps into something people do every day – meet other people speculatively with a view to romance.In general usage, the word recession connotes a marked slippage in economic activity.Besides, why should being single at Christmas be so miserable?