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When the economy is riding high, we often forget what it's like to live through challenging economic times. The COVID-19 pandemic was the first major economic stumble since the recession of 2009 ...
The recession of 2020, was the shortest and steepest in U.S. history and marked the end of 128 months of expansion. Key Predictors, Indicators and Warning Signs of a Recession
Recession is a burning hot topic right now, but the conversation around it is rather chaotic. Like so many issues, the state of our economy has become a partisan debate, with Republican officials...
The recession, if it transpires, could lead to a prolonged period of downturn in Stagflation concerns are rising as the U.S. Federal Reserve attempts to balance inflation, interest rates, and ...
An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies. It is often understood in economics that economic crisis and the following recession that may be named economic depression are part of economic cycles where the slowdown of the economy follows the economic growth and vice versa.
The NBER, a private economic research organization, defines an economic recession as: "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales". [16]
The U.S. unemployment rate rose to 4.3% in July and hiring slowed, adding to signs of a broader downturn in what has been a solid U.S. economy.
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.