Recession and stagnation. Brief description in simple words.

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.