# Recession

*Macro & Economy — Finicade finance glossary*

A broad, sustained fall in economic activity — output, jobs and spending all shrinking together, loosely two quarters of falling GDP. Central banks and governments fight them by cutting rates and spending.

**Related terms:** [GDP (Gross Domestic Product)](https://finicade.com/glossary/gdp), [Business Cycle](https://finicade.com/glossary/business-cycle), [Unemployment Rate](https://finicade.com/glossary/unemployment-rate), [Yield Curve](https://finicade.com/glossary/yield-curve)

Source: https://finicade.com/glossary/recession