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The difference between a downturn and a recession is that a downturn is usually a short-term decline in economic activity, such as a decrease in GDP, employment, or consumer spending. A recession is a more severe form of economic decline that lasts for at least two consecutive quarters and is usually accompanied by a decrease in GDP, employment, and consumer spending.

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The difference between a downturn and a recession is that a downturn is usually a short-term decline in economic activity, such as a decrease in GDP, employment, or consumer spending. A recession is a more severe form of economic decline that lasts for at least two consecutive quarters and is usually accompanied by a decrease in GDP, employment, and consumer spending.

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