The National Bureau of Economic Research revised its definition of a recession in 2001 as follows: A recession is

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The NBER revised its definition of a recession in 2001 to focus on a significant decline in economic activity spread across the economy and lasting more than a few months. This definition takes into account various economic indicators beyond just GDP growth, such as employment rates and industrial production, and allows for more nuanced analysis of economic downturns. While a decline in GDP growth is often a key indicator of a recession, it is not the only factor considered by the NBER.

The National Bureau of Economic Research Revised Its Definition of a Recession