This content has been automatically translated from Ukrainian.
Recession <TAG1> is a decline in economic activity, when a country's GDP decreases for two consecutive quarters. At this time, production and investment are decreasing, and unemployment is increasing.
Stagnation <TAG1> is a long period when the economy hardly grows, but also does not fall. Living standards are not improving and business is having a hard time growing.
Difference: recession — is a fall, stagnation — is stagnation.
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