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- recession, in economics, a downward trend in the business cycle characterized by a decline in production and employment, which in turn causes the incomes and spending of households to decline.
www.britannica.com/money/recession
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economic recession may also have a severe and long-term impact on mental health in children and young people, especially if they face stress within the family as a result of economic hardship or parental unemployment; some specific differences between countries and regions were found in this review.
Apr 2, 2009 · Harvard University economist Robert Barro defines it as a decline in per-person economic output or consumption of more than 10%. Many economic historians say the line between recession and depression is crossed when unemployment rises above 10% of the labour force and stays there for several years.
A recession is a significant decline in real economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale and retail sales.
- What Is A Recession?
- What Causes A Recession?
- What Is A Depression?
- Great Recession vs. Great Depression?
- What Else Do Recession and Depression Mean?
- Ups and Downs
In economics, a recessionis a period of an economic contraction, sometimes limited in scope or duration. Characteristics of a recession generally include significant declines in: 1. industrial production 2. international trade 3. employment 4. household income and spending 5. investments 6. construction 7. stock-market values There aren’t exact dec...
The causes of recessions are complex and often interrelated. But, in very general terms, recessions can be caused by such factors as: 1. high inflation 2. high interest rates 3. overproduction 4. asset bubbles(unsustainable increase in the value of goods, property, or other investment) 5. overextended credit and high debt 6. bank runsand lack of co...
Compared to a recession, a depression is much more severe and sustained. A depressionis a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity. Production, employment, consumption, trade, investment, income, spending—all of these aspects of the economy are reduced sharply and w...
In economic contexts, the word depression probably brings to mind one depression in particular: the Great Depression. This was the economic crisis and period of low business activity in the US and other countries, roughly beginning with the stock-market crash in October 1929 and continuing through most of the 1930s. If we measure a depression by th...
The word recession is commonly used in the context of economics. But the word, of course, has other uses. First recorded in the mid-1600s, recession comes from the Latin recessiō, a form of the verb recēdere, “to go back, withdraw.” Recēdere is ultimately the source of the English word recede and recess. You might also encounter the word recession ...
Economic slumps, slowdowns, downswings, downturns—whatever we may call these contractions of the economy, and whether these crises reach the proportions of recessions or worse, they can certainly make us feel, well, depressed and like we want to recede. But there may be some consolation in better understanding economic recessions and depressions, a...
Feb 19, 2024 · As two advanced economies slip into recession, economists warn of uncertain times ahead. But what is a recession and how can we tell if one is happening?
Jul 11, 2024 · According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.
Apr 16, 2024 · A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product...
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