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What is the economic recession?

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What is the economic recession?
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    1. Economic recession refers to a significant decline in economic activity across the broader economy. It is characterized by a decrease in gross domestic product (GDP), rising unemployment, reduced consumer spending, and a general slowdown in various economic indicators. Recessions are part of the ecoRead more

      Economic recession refers to a significant decline in economic activity across the broader economy. It is characterized by a decrease in gross domestic product (GDP), rising unemployment, reduced consumer spending, and a general slowdown in various economic indicators. Recessions are part of the economic cycle, often triggered by factors such as financial crises, high levels of debt, or external shocks. Governments and central banks typically implement measures to stimulate the economy during recessions, aiming to restore growth and stability.

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