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recession
(redirected from Economic downturn)

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

recession

In economics, a fall in business activity lasting more than a few months, causing stagnation in a country's output.

The average decline has been about 10% although some recessions, such as 1981–82, can be longer and more severe.



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In the backdrop of this global economic downturn where we have all been affected in one way or another, how can you regain some element of control?
For any business in the early stages of operations, the current economic downturn provides a unique opportunity to really examine the details of how your venture is running Flat or declining sales are a struggle for any existing business, but a serious analysis and making appropriate changes will not only keep your venture afloat but will also prepare you for explosive growth once the economy improves
of pounds 50,000 it received from the Department for Communities and Local Government to support economic and enterprise issues arising from the economic downturn.
 
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