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slowdown

Definition

A period of slow economic growth, especially one that follows a period of robust growth. Unlike a recession, economic growth during a slowdown is not necessarily negative. For example, a country whose GDP has experienced 3%, 3.3% and 3.5% growth for three consecutive quarters, but then sees growth of 3.51% and 3.52% is not in a recession but in a slowdown.

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Different Classifications for Individuals Losing JobsWhen your neighbor loses his job, it's a slowdown; when you lose your job, it's a recession; when an economist loses his job, it's a depression. ... Read more