recessionary
Recessionary is an adjective used in economics to describe conditions, pressures, or policies associated with a recession, a period of widespread and persistent decline in economic activity. The form derives from the noun recession with the suffix -ary, indicating relating to or characteristic of.
It is commonly applied to phrases such as recessionary pressures, recessionary gap, and recessionary environment. Recessionary
In policy discussion, recessionary conditions often motivate expansionary measures, such as fiscal stimulus or monetary easing,
Limitations: The term is descriptive rather than a formal label; official determinations of recession vary by
Related topics include recession, macroeconomic cycle, and countercyclical policy.