Decline vs. recession: what’s the difference?
The short answer
Decline is a general term for any reduction or decrease, while recession specifically refers to a prolonged period of economic decline.
What they have in common
Both decline and recession refer to a decrease or reduction in economic activity.
Examples
decline
- The company reported a decline in profits last quarter.
- There has been a decline in public transportation usage recently.
- Scientists noted a decline in the population of certain bird species.
recession
- The country entered a recession after two consecutive quarters of negative growth.
- Recession fears have led to increased government spending to stimulate the economy.
- Many workers faced layoffs during the last recession.
Which one is more common?
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