Recession and stagnation. A brief description in simple words.

Recession is a decline in economic activity when a country's GDP decreases for two consecutive quarters. During this time, production decreases, investments decline, and unemployment rises.

Stagnation is a prolonged period when the economy grows very little, but does not decline. The standard of living does not improve, and businesses find it difficult to develop.

Difference: recession is a decline, stagnation is a standstill.