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Recession in the United StatesMacroeconomic principle
In 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 shock, an adverse supply shock, the bursting of an economic bubble, or a... wikipedia.org
- The official metrics used to determine a recession include negative gross domestic product (GDP), increased unemployment, a decline in retail sales, a slowdown in manufacturing, and diminishing income. When a nation’s economy begins to experience these events simultaneously over an extended period of time, there’s a good chance it’s in a recession.
- The National Bureau of Economic Research (NBER) is usually considered the authority determining when US recessions officially start and end.
- :
- Economic shock
- Rapid inflation
- Excessive debt
- Asset bubbles
- Rapid deflation
- Technological change
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Recent recesions
- 2007-2009
- 1990-1991
- 1981-1982
source: wikipedia.org, valuethemarkets.com, forbes.com
