Declining output gen.

[Markuzya]

Здравствуйте, помогите пожалуйста перевести фразу - declining output.

Вот контекст - This week’s installment in our occasional series on the use and abuse of jargon [“Beating the Jargon”] focuses on “doomology”. Events in Brazil have revived the market in economic gloom. Newspapers are again warning of global recession, slump, or even depression. But when does a recession become a depression? A cynical answer is: when your neighbor loses his job it’s a slowdown (or, if you dislike him, a correction); when you lose yours, it’s a recession; when an economic journalist loses his, that’s a depression.

The duller textbook definition of a recession is two consecutive quarters of declining output. But recession can also be used to describe any period in which GDP growth falls below an economy’s trend growth rate (the sum of labour-force growth and productivity gains).

Заранее спасибо.

[Amor 71]

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