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you lose your home, you starve, you die

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Q: What are 3 negative effects of a recession?
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Was the 2008 economic crisis a depression or recession?

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.


Which economic trend might happen as a result of abnormal weather such as drought or flooding?

It can lead to negative effects on the economic activity and can even cause a recession.


How many consecutive quarters of negative GDP growth is considered a recession?

Two consecutive quarters.


Effects of recession on IT market in India?

simples ,,, recession closing down telesales companies ,,, which use IT daily


Which statement is true about the recession?

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.


How can a recession have a devastating impact on the economy?

the economic effects of recession are business fail,people lose their jobs, and profit fails.


What is a resesion?

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.


This is defined as at least two consecutive quarters of negative GDP?

Recession


What are the implications of global 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.


Is Ireland near the end of the recession?

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.


What is the difference between a technical recession and a recession?

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.


What is the positive and negative effects on a country when emigrants leave?

negative effects