Recession : What is it.. its Causes and How Can It Be Treated | Economics

A #recession is a substantial, popular, and extended downturn in economics activity. A typical rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth lead to recession, however numerous use more complicated methods to determine if the economy is in recession. Unemployment is one crucial attribute of recessions. As demand for goods and services drops, corporations will need fewer workers and could lay off employees to cut costs. Laid off staff need to reduce their own investing, which in turn affects demand, which in turn might lead to more layoffs. Then here is Recession What is it.. its Causes and How Can It Be Treated | Economics #economics recessions could be triggered by several various factors, such as loss of consumer confidence, high interest rates, a stock market crash, and asset bubbles flooding. Most occasions that will trigger the economy to slow down will also result in a recession if left uncontrolled. Whenever consumer confidence decreases,