economic recession
An economic recession refers to a significant decline in economic activity across a particular country or global economy, characterized by reduced production, decreased employment, and a drop in consumer spending. It is generally accompanied by a contraction in gross domestic product (GDP) and a general slowdown in various economic indicators.
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Related Concepts (29)
- austerity measures
- austerity measures during recession
- austerity protests
- bank bailouts
- banking sector crisis
- business bankruptcies during recession
- causes of economic recession
- consumer spending during recession
- countercyclical fiscal policy
- credit crunch
- deficit spending
- demand-side economics
- economic cycles and synchronization
- economic downturn
- economic impact on small businesses
- economic recovery strategies
- economic stimulus packages
- financial crisis
- global economic recession
- government response to recession
- housing market collapse
- impact of economic recession on employment
- income inequality during economic recession
- long-term effects of economic recession
- regional economic recession
- sovereign debt crisis
- stock market crash
- unemployment benefits reduction
- unemployment rates during recession