Economy March 28, 2025 4:11 pm What is a recession in the economy? An economic recession is defined as a significant and widespread decline in economic activity for multiple months. Local 2:14 Century-old Prospect Park elm trees under threat by deadly disease 2:08 Suspect arrested in alleged rape of man aboard subway at Christopher Street station 2:04 More than two dozen arrested in major gang bust on Long Island 1:49 Historic motel in NJ torn down 2:51 Gov. Kathy Hochul announces new subway safety plan for NYC