How do we know,.?

Question

Are we in a recession,.? If we are, tell me what are the factors, that tell us we're in a recession, basically, what tells us that we are in a recession,.?

Answer 1

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.