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• 09:49, 29 July 2022 Admin talk contribs created page Recession (Created page with "'''Recession''' refers to the contractive economic phase in which a downturn in the economy is recorded. According to the most common definition, a recession occurs when the economy does not grow compared to the previous quarters for two consecutive quarters or when there is a decline (declining gross domestic product). According to this definition, Japan has so far managed the longest phase without a recession (132 quarters) of all OECD countries. The longest running st...")