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In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. [ 1 ] [ 2 ] Recessions generally occur when there is a widespread drop in spending (an adverse demand shock ).
It did rebound 33.4% in the third quarter as businesses opened back up and increased 4.1% in the fourth quarter. By definition, a recession has to last at least two quarters, so you can’t tell ...
The recession in 2020 was unprecedented because it occurred when COVID-19 upended the economy by forcing businesses to shutter and encouraging people to stay home. By definition, a recession has ...
A balance sheet recession is a particular type of recession driven by the high levels of private sector debt (i.e., the credit cycle) rather than fluctuations in the business cycle. It is characterized by a change in private sector behavior towards saving (i.e., paying down debt) rather than spending, which slows the economy through a reduction ...
Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are many definitions of a business cycle.
What is a recession? Unlike a feeling of being in a down economy, a recession is a significant decline in economic activity across the economy, lasting more than a few months. It is typically ...
The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80] Some economists described the post-recession years as the weakest recovery since the Great Depression and World War II.
A recession is usually defined as a period of two consecutive quarters or more of a widespread, prolonged and significant downturn in economic activity. This decline can be seen by measuring a ...