Abstract
There is a definition of an economic recession – two successive quarters in a year when the economy shrinks rather than grows. A lot of western journalists and economists refer to “negative growth”, and although it may seem a bit crazy to talk of a negative positive instead of using the simple term “a decline” it is actually a very good description.
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© 2009 Andrew Lester
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Lester, A. (2009). Growth in a Recession. In: Growth Management. Palgrave Macmillan, London. https://doi.org/10.1057/9780230233560_12
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DOI: https://doi.org/10.1057/9780230233560_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36723-8
Online ISBN: 978-0-230-23356-0
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