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- A recession is an extended period of economic decline. In the US, the National Bureau of Economic Research (NBER) announces a recession's start and end. Recessions are the normal part of the economic life cycle when things aren't going well. It's the opposite of economic expansion.
www.fidelity.com/learning-center/smart-money/what-is-a-recessionWhat is a recession and what does it mean for you? | Fidelity
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Dec 19, 2023 · An economic cycle is the overall state of the economy as it goes through four stages in a cyclical pattern: expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total...
Mar 1, 2023 · Economic contractions often become recessions, which result in economic hardship for many people and can have long-lasting effects. For example, losing a job due to recession can lead to high levels of debt or the loss of key assets such as a house or car.
Mar 28, 2024 · Recessions are the normal part of the economic life cycle when things aren't going well. It's the opposite of economic expansion. While experiencing a recession may be unavoidable, understanding what they are and how they work can provide some perspective and help you prepare to weather the next one.
May 3, 2022 · Recessions are a normal part of the business cycle. There are periods of economic growth and periods of economic slowdown and it’s all part of the same cycle. The recession in...
- Erika Giovanetti
Mar 9, 2023 · The key thing to remember about recessions is they are temporary – lasting 11 months on average. The natural state of the economy is to growth, recessions are just part of the cycle.
While recessions are part of a regular economic life cycle, depressions are not. If we consider economic activity to exist on a spectrum, a depression would be on the far end, while a recession might be closer to the middle.
Jun 6, 2024 · The alternating phases of the business cycle are expansions and contractions. Contractions often lead to recessions, but the entire phase isn't always a recession.
