An economic slump is a period of economic decline, usually characterized by a decrease in GDP, a decrease in consumer spending, and an increase in unemployment. RECESSION (9 letters) is a period of economic decline that lasts for at least two consecutive quarters. Dturn (5 letters) is a sharp decline in economic activity, often caused by a sudden drop in consumer confidence. DEPRESSION (10 letters) is a severe and prolonged RECESSION, typically lasting several years and marked by a significant decline in economic activity, employment, and investment.