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...
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Source: Recession on Freebase, licensed under CC-BY
Jagruti Dave
Jagruti Dave uploaded Photos
on Jan 18, 2015 , 08:09 pm
Sudarshan Chavan
Sudarshan Chavan started the Discussion
on Jan 18, 2015 , 12:34 am
Pink Slips IT sector
Recent pink slips in IT means we are heading back to 2008/9 Recession? What Do you think? more »
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Madan Kumar
Madan Kumar shared the Video
on Dec 05, 2014 , 12:07 pm
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Madan Kumar
Madan Kumar shared the Video
on Dec 05, 2014 , 12:07 pm
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Madan Kumar
Madan Kumar shared the Video
on Dec 05, 2014 , 12:07 pm
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Madan Kumar
Madan Kumar shared the Video
on Dec 05, 2014 , 12:07 pm
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Madan Kumar
Madan Kumar shared the Video
on Dec 05, 2014 , 12:07 pm
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Madan Kumar
Madan Kumar
Madan Kumar
Madan Kumar
Madan Kumar shared the Video
on Dec 05, 2014 , 12:06 pm
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Madan Kumar
Madan Kumar
Madan Kumar shared the Video
on Dec 05, 2014 , 12:06 pm
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Mukund Roy
Mukund Roy commented on the poll by Rajesh Pogo
on Nov 23, 2014 , 07:22 pm
Rajesh Pogo - Has recession ended???
Yes it ended
No
May be
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Mukund Roy
Mukund Roy took the poll by Rajesh Pogo
on Nov 23, 2014 , 07:22 pm
Rajesh Pogo - Has recession ended???
Yes it ended
No
May be
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