What Are The Causes of Economic Recession?
The world is facing crisis – there is global warming and there is also an economic crisis. Recession is experienced anywhere in the globe – there is USA recession (and other countries for that matter). People tend to worry the possible recession effect, how to survive a depression, or what is life during the great depression. What is recession? Economists tell us that a recession is a general slowdown in economic activity over a sustained period of time or a business cycle contraction. Moreover, it is during this time that many macroeconomic indicators vary in similar way. Looking at the bad side of recession effect include slowdown of Gross Domestic Product (GDP), employment, investment, household income, business profits, investments and many more. Some businessmen claim that there is a recession every five years. If this is the case recession is part and parcel of business or of the economy in general. What then are the causes of economic recession? Each recession may have its own s
