Recession

The term ‘recession’ originated as a euphemism for ‘depression’, because that sounded too depressing, even though it in turn had first been employed as a euphemism for ‘crisis’. A recession occurs when an economy ‘contracts’ for two consecutive quarters. Notice that economies ‘grow’ but never ‘shrink’; instead they ‘contract’, like a muscle or a legal agreement.

Prediction that ‘Eurozone recession’ will last, and Portugal’s economy will ‘contract’ further

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