Recession
It is visible in industrial production employment real income and wholesale. Recessions generally occur when there is a widespread drop in spending an adverse demand shock.
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A recession is a significant decline in activity across the economy lasting longer than a few months.
. 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 large-scale anthropogenic. In economics a recession is a business cycle contraction when there is a general decline in economic activity.
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