Examlex
The Global Reporting Initiative (GRI) is a leading organization in the field of social and environmental performance measurement. Their widely adopted sustainability reporting framework includes three universal standards and three sets of topic-specific standards. These topic-specific standards include all of the following except:
Base Year
A specific year against which economic growth is measured, serving as a benchmark for relative economic data comparisons.
Business Cycle
The cyclical fluctuations in economic activity that an economy experiences over a period of time, including periods of expansion and contraction.
Last Recession
The most recent period of significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production.
Month/Year
Month/Year typically denotes a specific point in time, used for referencing, scheduling, and historical data compilation, often in the format MM/YYYY.
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