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1. • • During a recession, businesses often face decreased demand for their products or services, which can lead to layoffs and reduced production.
     library.fiveable.me/key-terms/macroeconomic-analysis-for-business-decisions/recession

     Recession - Vocab, Definition, and Must Know Facts | Fiveable

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   What is a recession in economics?

   • A recession is a significant, widespread, and prolonged downturn in economic activity. Recessions are commonly characterized by two consecutive quarters of negative gross domestic product (GDP) growth, though there are more complex ways to assess and classify downturns. The unemployment rate is a key recession indicator.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

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   How does a recession affect business?

   • Recessions are significant, widespread, and sustained contractions of economic activity marked by declines in the gross domestic product (GDP). All business sectors typically face declines in sales and profits in a recession. Cutting costs may include layoffs and cuts in capital spending, marketing, and research. What Is a Recession?

   The Impact of Recessions on Businesses - Investopedia

   www.investopedia.com/articles/economics/08/recession-affecting-business.asp

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   What do we know about recessions?

   • Much about recessions is shrouded in mystery. But there are a few things we know. According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.

   What is a recession? | McKinsey - McKinsey & Company

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   Can a recession turn into an economic depression?

   • A recession, which is defined by negative GDP growth, can develop into an economic depression. Both terms refer to economic downturns, but there are two important distinctions:

   What Is a Recession? | Signs, Effects, and How to Prepare

   www.financestrategists.com/wealth-management/macroeconomics/recession/

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   When does a recession start?

   • Equities markets often decline before an economic downturn, so investors may assume a recession has begun as investment losses accumulate and corporate earnings decline, even if other measures of recession remain healthy, such as consumer spending and unemployment.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

   www.investopedia.com/terms/r/recession.asp

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   How does a recession impact the economy?

   • A recession can have significant impacts on the economy, including: Reduced overall economic activity. Local government budgets may face revenue shortfalls due to reduced tax revenue. Employers may implement hiring freezes, layoffs, or other cost-cutting measures in response.

   What Is a Recession? | Signs, Effects, and How to Prepare

   www.financestrategists.com/wealth-management/macroeconomics/recession/

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3. www.investopedia.com › terms › rRecession: Definition, Causes, Examples and FAQs - Investopedia

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   Apr 16, 2024 · A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP)...

4. www.mckinsey.com › what-is-a-recessionWhat is a recession? | McKinsey - McKinsey & Company

   www.mckinsey.com › what-is-a-recession

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   Jul 11, 2024 · According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.

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6. www.weforum.org › agenda › 2024Explainer: What is a recession? - The World Economic Forum

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   Feb 19, 2024 · Signs of a recession. Besides a prolonged decline in gross domestic product (GDP), one of the most obvious measures of a recession is the unemployment rate. When this begins to rise, it can trigger a domino effect of economic consequences as demand for goods and services slows down.

7. www.forbes.com › advisor › investingRecession Definition: What Is A Recession? – Forbes Advisor

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   Feb 13, 2024 · Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and...

8. www.financestrategists.com › recessionWhat Is a Recession? | Signs, Effects, and How to Prepare

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   Jun 8, 2023 · A recession is defined as "a period of temporary economic decline during which trade and industrial activity are reduced". The causes of this recession were due to decreased consumer spending, revenue shortfalls in local government budgets, hiring freezes, layoffs, or other cutbacks by employers, etc.

   • A period of temporary economic decline during which trade and industrial activity are reduced.
   • There are several ways to tell if you're in a recession, such as looking at the GDP, employment rates, etc.
   • The effects of the recession are wide-ranging that can have long-term implications for the economy. It affects the GDP and unemployment rate of eve...
   • There are several things that you can do at home to prepare yourself for a possible recession, such as investing money in stocks and bonds, putting...

9. www.fool.com › basics › what-is-a-recessionRecessions: Definition, Causes & More | The Motley Fool

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   May 3, 2024 · A recession is generally defined as a sustained decline in gross domestic product (also known as negative GDP growth) for two or more consecutive quarters....

10. www.investopedia.com › articles › economicsThe Impact of Recessions on Businesses - Investopedia

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    Aug 28, 2024 · Key Takeaways. Recessions are significant, widespread, and sustained contractions of economic activity marked by declines in the gross domestic product (GDP). All business sectors typically face...