What is a recession? Back to list

Member SinceJul 08, 2021

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Nov 21, 2022 a 10:20
A recession is a period of reduced economic activity in the business cycle, characterised by contractions in GDP, retail sales, manufacturing, employment, and other areas. Typically, the term is used when GDP falls for two or more consecutive quarters.

Recessions are unavoidable in the business cycle, which has peaks and valleys. This means that whenever there is a bull market, there will be a subsequent downturn as economies fall from their peaks.

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