Recession:

1. A period of an economic contraction, sometimes limited in scope or duration.
2. An extended decline in general business activity, typically two consecutive quarters of falling real gross national product.

The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn’t expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.

I don’t want to hear anyone say that word again for at least six months. Got it?

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