Phrases with «deep recession»

A "deep recession" refers to a severe and prolonged decline in economic activity. It is characterized by significant decreases in Gross Domestic Product (GDP), high unemployment rates, reduced consumer spending, and financial hardships for businesses and households. This term suggests a more severe economic downturn compared to a regular recession, where the negative impacts are more intense and take a longer time to recover from. Full definition

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Sentences with «deep recession»

  • My first year was tough, recruiting in the Construction sector in the middle of deepest recession in living memory was no easy feat! (careers.hays.co.uk)
  • During the recession, the government needed to provide support to the economy, provided stimulus to mitigate how deep the recession hit, and also helped the economy get into recovery. (canadianbusiness.com)
  • Amid deep recession - related cuts in education budgets, many states are already scrambling to make policy changes to help them qualify for the grants. (wacharterschools.org)
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