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What is Impact of Global Recession on India about?

- A recession is defined as a period of declining economic activity lasting more than a few months. It is typically visible through falling indicators like GDP, employment, income and rising unemployment. - Recessions are usually caused by a widespread drop in spending. Governments typically respond with expansionary policies like lowering interest rates and increasing spending. - The document discusses different types of recessions like V-shaped, U-shaped and L-shaped recessions based on the speed and sh

Author

Romaan Zahoor

Language

EN