1.Recession: Decline in economic activity: a period, shorter than a depression, during which there is a decline in economic trade and prosperity.
2.http://ap.google.com/article/ALeqM5hJjzb-73g6-mEmgvyixbf7Vzw2lgD8UNNUBO2
3.US Is Already in a Recession.
Empty homes and for-sale signs clutter neighborhoods.
People Squeezed by high energy and food bills.
The meltdown in the housing and mortgage markets.
Credit has become harder to get.
The job market is faltering — a point driven home by a report showing that employers cut jobs in January for the first time in more than four years.
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