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Recession in the United States
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Macroeconomic 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
- How is a recession determined?: 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.
- Who determines when the US economy is in a recession?: The National Bureau of Economic Research (NBER) is usually considered the authority determining when US recessions officially start and end.
- What causes a recession?: :
- 1: Economic shock
- 2: Rapid inflation
- 3: Excessive debt
- 4: Asset bubbles
- 5: Rapid deflation
- 4: Technological change
People also search for
Recent recesions
- COVID-19 recession
  2020
- The Great Recession
  2007-2009
- Early 2000s recession
  2001
- Early 1990s recession
  1990-1991
- Early 1980s recession
  1981-1982
source: wikipedia.org, valuethemarkets.com, forbes.com