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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).
Recession Period. Start. End. Total Time Elapsed. The Great Depression–Late ’20s and Early ’30s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis
What Does a Recession Mean for You? People of different economic backgrounds will experience the pains of a recession in different ways. Some general things will happen: Unemployment will rise ...
The 1948 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes. [62] The recession also followed a period of monetary tightening. [40] Recession of 1953: July 1953 – May 1954 10 months 3 years 9 months 6.1% (September 1954) −2.6%
A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy. What is a recession?
A global recession is a recession that affects many countries around the world—that is, ... If a global recession were to occur in its full magnitude, an estimated ...
During a recession, there is a significant decline in economic activity across the board.This could last anywhere from a few months to several years. In practical terms, a recession is a period ...
Recessions. Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis.The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non ...