Tag Archives: Recession

Since last year economists have mostly used the alphabets to define economic recovery and we often hear it. Many economic commentators have used alphabets and shapes to abbreviate the possible economic conditions for what might happen after a recession outbreak is controlled. They are great as visual aids, but what is the difference between them? [...]

Recession can be defined as the contraction of a business or economic cycle when a general decline in economic activity lasts for months or even years and it also a significant decline in general economic activity in a particular region. During recession economy experiences the negative gross domestic product (GDP), rising levels of unemployment, falling [...]