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What is a recession?

Quick Answer

A recession is a sustained decline in economic activity. The common rule: two consecutive quarters of negative GDP growth. The NBER (official US recession dater) uses a broader definition including jobs, income, and sales.

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Warren Team
Updated March 10, 2026
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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