recession wikipedia - EAS
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See all on Wikipediahttps://en.wikipedia.org › wiki › RecessionIn economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade
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See moreIn a 1974 The New York Times article, Commissioner of the Bureau of Labor Statistics Julius Shiskin suggested several rules of thumb for defining a recession, one of which was two consecutive quarters of negative GDP
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See moreA recession has many attributes that can occur simultaneously and includes declines in component measures of economic activity (GDP) such as consumption, investment, government spending, and net export activity. These summary measures
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See moreJohn Maynard Keynes believed that government institutions could stimulate aggregate demand in a crisis. "Keynes showed that if somehow the level of aggregate demand could be triggered, possibly by the government printing currency notes to employ
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The U.S. Conference Board's Present Situation Index year-over-year change turns negative by more than 15 points before a recession.
The U.S. Conference...
See moreMost mainstream economists believe that recessions are caused by inadequate aggregate demand in the economy, and favor the use of expansionary macroeconomic policy during recessions. Strategies favored for moving an economy out of a recession vary
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See moreSome recessions have been anticipated by the stock market declines. In Stocks for the Long Run, Siegel mentions that since 1948, ten recessions were
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See moreWikipedia text under CC-BY-SA license- https://en.wikipedia.org › wiki › List_of_recessions_in_the_United_States
1. ^ The rule of thumb defining recession as two quarters of negative GDP growth is not used by NBER. The NBER looks for monthly dating (GDP is a quarterly figure) and GDP will sometimes be positive even in clear periods of decline, e.g. in the second quarter of 1918, GDP was slightly positive even in the middle of the severe 1973–75 recession.
2. ^ The NBER's monthly chronology of recessions begins in 1854. In the 1920s, the economist Willard Thorp, working for the NBER, d…Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 9 mins
- https://sv.wikipedia.org › wiki › Recession
Recession är i nationalekonomiska sammanhang en mild lågkonjunktur. En svårare lågkonjunktur brukar benämnas depression. Ordet är synonymt med nedgång eller avmattning. I nationalekonomisk mening innebär recession att det blir en avmattning av ett lands ekonomiska utveckling. Tecken på att ett land är i recession kan exempelvis vara ...
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- https://en.wikipedia.org › wiki › Great_Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred between 2007 and 2009. The scale and timing of the recession varied from country to country (see map). [1] [2] At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and ...
- https://en.wikipedia.org › wiki › Early_2000s_recession
The early 2000s recession was a decline in economic activity which mainly occurred in developed countries. The recession affected the European Union during 2000 and 2001 and the United States from March to November 2001. [1] The UK, Canada and Australia avoided the recession, while Russia, a nation that did not experience prosperity during the ...
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