The financial crisis of 2007–2009 has been called the most serious financial crisis since the Great Depression. Both market-based and regulatory solutions have been implemented or are under consideration, while significant risks remain for the world economy.
In economics, a recession is a business cycle contraction. It is a general
slowdown in economic activity. Macroeconomic indicators such as GDP (gross
The technical indicator of a recession is two consecutive quarters of negative
economic growth as measured by a country's gross domestic product (GDP); ...
The NBER does not define a recession in terms of two consecutive quarters of
decline in real GDP. Rather, a recession is a significant decline in economic ...
of 2001 was caused by irrational exuberance in high tech. It became apparent in January 2000 that computer orders were going to decline, since the shelf life of most computers is about two years, and companies had just bought all the equipment they would ... More »
Economic recession is a period of general economic decline and is typically
accompanied by a drop in the stock market, an increase in unemployment, and a
Recession Definition: Recession is a slowdown or a massive contraction in ... last
for some quarters thereby completely hampering the growth of an economy.
A recession implies a fall in real GDP. An official definition of a recession is a
period of negative economic growth for two consecutive quarters. Recessions are
Sep 4, 2014 ... An economic recession is when growth slows, usually due to a fall-off in
consumer demand. As sales drop off, businesses stop expanding.
My research found that the myth of billionaires boosting the economy is untrue –
particularly when they amassed their wealth from political connections.