Recession
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The 2008 United States economic downturn was classified as a recession. A recession is defined as negative GDP growth for 2 or more consecutive quarters. In 2009 there was 3 quarters of negative growth before positive GDP began.
It can lead to negative effects on the economic activity and can even cause a recession.
Two consecutive quarters.
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The technical indicator of a recession are 2 consecutive quarters of a negative economic growth as measured by a country's GDP is a true statement about recession.
the economic effects of recession are business fail,people lose their jobs, and profit fails.
A recession is a period of economic decline characterized by a decrease in GDP for two consecutive quarters. It is typically marked by a rise in unemployment, lower consumer spending, and reduced business investment. Governments and central banks often implement measures to try to mitigate the negative effects of a recession on the economy.
Recession
The global recession has adverse effects on the worldâ??s economy. The effects include loss of jobs and foreclosure of homes. Inflation has led to high prices for food and other commodities.
In June 2010, technically, the recession is now over, but it will take time for the effects of this to be felt around the country.
Technically a recession starts with two quarters of negative growth. If there has only been one such quarter published but it is clear that things are going to get worse before they get better then it may be clear that you are in a recession even if not technically so.
negative effects