Recession

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...
Freebase CC-BY
Source: Recession on Freebase, licensed under CC-BY
Chris Jerico
Chris Jerico commented on the citizen journalism by Rahul Navghare
on Jul 24, 2014 , 06:31 pm
Rahul Navghare - Recession Around the Corner in 2015
Economic crises pattern shows that the downturn will be soon in 2015. If the graph is observed 2002 was a period of huge recession and stayed quite long with job cuts and no market sustaining its hold. then it was seen in 2008 and the situation go more »
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Hari C
Hari C and commented on the blog by Karan Samal
on Jul 24, 2014 , 01:28 pm
Karan Samal - Globalization : The comparison between USA & rest of the world including India
What is Globalization? Its is term if you type it in Google, you will get more results if you type Globalisation than Globalization. Difference in English language you see? Nowadays there is a new type of English known as Hinglish or Indian English. Well, that is not the point. The world is a Globalised platform. However the seaming success of Globalization is its Failure. The seaming success of Globalization is America!!Which is a rich country between India & America? or China & more »
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Vasu Gautam
Vasu Gautam reported the Citizen Journalism
on Jul 10, 2014 , 01:23 pm
Car sales power to a double-digit growth
NEW DELHI: Car sales shrugged off a dismal run and recorded their first double-digit growth in 10 months as attractive discounts and gradually-improving customer confidence, post the entry of a new government, saw demand go up. The momentum was a more »
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Nitish Anand
Nitish Anand reported the Citizen Journalism
on Jul 04, 2014 , 11:52 pm
Gandhians
Today, the workplace looks like a battlefront with burnouts, low work satisfaction, ‘meagre’ salaries and office politics.While many of us are miserable at work, there are many others who make sure that the ones around them are in constant tur more »
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Rjsngh Rjsngh
Rjsngh Rjsngh posted the Blog
on Jul 04, 2014 , 09:50 pm
Steve Jobs took our jobs: Finnish prime minister
"Nalle Wahlroos, president of (Swedish bank) Nordea, described it quite well when he said the iPhone knocked out Nokia and the iPad knocked out the forestry," accelerating the fall of paper demand.Stubb became prime minister at the end of June with an economy struggling to recover from two years of recession. Only timid growth is expected in 2014. more »
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Jasmeet Kaur
Jasmeet Kaur posted the Blog
on Jul 04, 2014 , 09:53 am
Bewakoofiyaan
Bewakoofiyaan is a 2014 Indian romantic comedy film directed by Nupur Asthana, written by Habib Faisal and produced by Aditya Chopraunder the banner of Yash Raj Films. The film features Ayushmann Khurrana, and Sonam Kapoor in lead roles. The film released on March 14, 2014.]he film was announced in December 2012. The film is written by Habib Faisal (of Ishaqzaade fame) and directed by Nupur Asthana (ofMujhse more »
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Kuku Goswami
Kuku Goswami reported the Citizen Journalism
on Jul 02, 2014 , 07:48 pm
Finland
The coveted spot of number one best country goes, somewhat controversially, to the island of Ireland. Not only did it grab the number one position in the overall rankings, but it also ranks first in the category of Prosperity and Equality. The more »
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Nitin Sahu
Nitin Sahu reported the Citizen Journalism
on Jul 02, 2014 , 07:17 pm
The Best Country In The World
finland-The coveted spot of number one best country goes, somewhat controversially, to the island of Ireland. Not only did it grab the number one position in the overall rankings, but it also ranks first in the category of Prosperity and more »
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Anu Singh
Anu Singh reported the Citizen Journalism
on Jul 02, 2014 , 01:04 pm
RECESSION WELLNES
AS AFTER SOMETIME  CERTAIN THINGS  BECOME HABBIT TO HUMANS. RECESSION IS ALSO SUCH FACINATING WORD . ITS FASHIONABLE HABIT . PEOPLE  TALK ABOUT IT AND CAN'T COME OUT OF IT more »
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