What is a recession? Recession means...
It is a protracted slowdown of the economy. T
The slowdown is usually classified as a recession if it lasts at least six months [means, >= 6m].
The technical definition is ‘two consecutive quarters in which the gross domestic product (GDP) decreases’.
The GDP is all the goods, services and products a country produces.
The typical symptoms of a recession are:
1. People buying less (retail decline).n Decrease in factory output.
2. Growing unemployment (In the US, unemployment recently rose to 5 per cent, another sign of an imminent recession).
3. Slump in personal incomes.
4. A dipping stock market.
Continue http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=711bb451-c39e-44bb-87ca-273b479fe172
Courtesy - Hindustan Times
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