Chris, Questy, Tyroney. What is the definition of recession?
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Level 1
Good question...here's 'Investopedia's" take...
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KEY TAKEAWAYS> A recession is a significant, pervasive, and persistent decline in economic activity.
> Economists measure a recession's length from the prior expansion's peak to the downturn's trough.
> Recessions may last as little as a few months, while the economic recovery to the former peak can take years.
> An inverted yield curve has predicted the last 10 recessions, along with a couple that never materialized.
> Unemployment often remains high well into an economic recovery, so the early stages of a rebound can feel like a continuing recession for many.
. Countries around the world use fiscal and monetary policies to limit the risks of a recession.
---------------------------What do you think? ..will there be a recession?...if so, for how long?...and why?
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Level 1
If you get this, can you get them to define woman and vaccine?
(no message)I hold the record for most deleted posts. +149. Favorite posters must be protected!
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