an extended recessionary period is indicative of

an economic downturn where a prolonged period of weak economic activity is taking place. This can include high unemployment levels, shrinking output and declining consumption, as well as stagnant or falling prices. An extended recessionary period can last several years, with impairments to business activity, rising government debt and financial market instability, just to name a few.

a difficult economic time in which economic growth slows and economic indicators such as unemployment, business profit and housing prices decline. During an extended recessionary period, consumers may delay purchasing large items, leading to decreased sales and profits for businesses. Companies may lay off employees in response, causing an increased rate of unemployment. Loans from banks become harder to obtain due to tightening of credit, and businesses may be unable to pay creditors, leading to bankruptcy filings. Governments typically respond to an extended recession by decreasing taxes and providing incentives for businesses to borrow money for investment, which can help stimulate the economy.