In economics, a recession is a business cycle contraction, a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, 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, often following 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.
In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was "two down consecutive quarters of GDP". In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.
In the United States, the Business Cycle...
135 Posts
Sagar Potnis and commented on the citizen journalism by Maddy Nandini Singh Shekhawat
on May 27, 2013 , 05:16 pm
|
PLACEMENT OR
PUNISHMENT?
Of late joining a company as a fresher has
become a source of depression
It is presumed that only 30% of the hordes
of MBA grads that pass each year are recruit able or PLACEMENT worthy. But then
is it ethical on the part more »
Neha Singh started the Discussion
on May 12, 2013 , 09:23 pm
How to make an income in the recession?
I just read an article of the US that Arts PGs n PHDs have no value. The best fields are enggrring. computers, medicine and accounts. There was not a SINGLE job for Arts students..It is also v tuff to start a business that works bec all ppl advice more »
Mitakshara Bhasin posted the Blog
on May 08, 2013 , 12:51 pm
Losing a job is not the end of the world
Losing a job unexpectedly is like losing a loved one. It
feels as if someone close to you has died. It brings about new sets of fear,
the fear of ‘what next’. The insecurity that stems after a job-loss is
incredible.
But why do we let ourselves get bogged down by so much of
negativity? It was just a job after all right? Well, if only we could think
like that, the visits to our psychiatrists would literally end. Sigh!
Last week was a very harrowing and depressing week for my
friend. She w more »
Interests:
Hemendra Parmar posted the Blog
on Mar 07, 2013 , 12:07 pm
MarketResearchReports.biz Publishes Global and China Titanium Industry Report 2012
Currently, the United States, Japan, Russia and China are the worlds
leading producers and consumers of titanium. However, due to the
different levels of industrial development, there exist some variations
in the field of titanium consumption. Among them, approximately 60% of
titanium in the US and Europe is utilized in the aerospace field; about
90% of Japanese titanium is applied in the industrial sector, while in
China, 55% in the chemical field and 8.3% in the aerospace arena. To more »
Interests:
Awayakt posted the Blog
on Jan 12, 2013 , 04:22 pm
Eaglejob
Working online has been a financial windfall for Kelly,
who struggled for months to find a decent job but kept hitting dead ends.
"I lost my job shortly after the recession hit, I needed reliable income,
I was not interested in the "get rich quick" scams you see all over
the internet. Those are all pyramid scams or stuff where you have to sell to
your friends and family. I just needed a legitimate way to earn a living for me
and my family. The best part of working online is that I am always more »
Interests:
Lot of my friends are going for Company Fixed Deposits instead of Bank FDs, merely for higer interest rates.
But I'm not too sure whether these company FDs are safe or not, because when recession hit, there were salary cuts and no appraisals, so more »
Interests: