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What is Understanding Economic Recession Factors about?
A recession is defined as a period of declining economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. Recessions are caused by various factors including financial crises, currency crises, supply shocks, economic policy changes, and trade disputes. Governments attempt to limit the negative economic impact of recessions through expansionary fiscal and monetary policies.
- Author
- Kakarla Aruna
- Language
- EN