In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
- Germany Sticks to a Balance Budget, But Is Ready for a Crisis
- POVnow - Recession - 9.12.19
- Left, Right & Centre | Modi Govt At 100 Days: Staring At Recession Or Racing To $5 Trillion Economy?
- Economy Falling Into "Deep Abyss Of Recession", Claims Priyanka Gandhi