A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.

What is a recession? First, the textbook definition: A recession is a prolonged period of economic decline, beginning when the economy peaks and ending when it bottoms out.

But does two straight quarters of economic decline mean we’re in a recession? "Absolutely not," explained Christopher Thornberg, an economist and founding partner of Beacon Economics.

What is a recession? According to Investopedia, "a significant, widespread and prolonged downturn in economic activity," is a recession.

So what does a recession mean, and how does it relate to inflation and this “bear market” buzz we keep hearing? Here’s a quick Econ 101 refresher.

What is a recession, and when is the next one going to begin? Recessions since World War II have lasted just over 10 months each, on average. The last one, which began in 2020, lasted just two months.

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.