Economic Recession: An Overview And Comprehensive Case Study
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Economists have since ages tried to define economic recession in the exact form; however the widely accepted technical definition of economic recession is related with the GDP growth in a country. When the GDP of a nation shows a decline in more than two quarters or more, an economic recession...
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Economists have since ages tried to define economic
recession in the exact form; however the widely
accepted technical definition of economic recession
is related with the GDP growth in a country. When
the GDP of a nation shows a decline in more than
two quarters or more, an economic recession is said
to have set in. It is usually headed by several
quarters of slowing economic growth.