Recession

Author Topic: Recession  (Read 289 times)

Offline AbdurRahim

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Recession
« on: November 13, 2015, 09:56:28 AM »
Period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by high unemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression. Although recessions are considered a normal part of a capitalist economy, there is no unanimity of economists on its causes.



Offline Ferdousi Begum

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Re: Recession
« Reply #1 on: February 09, 2016, 03:25:49 PM »
thanks sir.