Balance sheet recession
id:
balance-sheet-recession-312-14398101
title:
Balance sheet recession
text:
A balance sheet recession is a type of economic recession that occurs when high levels of private sector debt cause individuals or companies to collectively focus on saving by paying down debt rather than spending or investing, causing economic growth to slow or decline. The term is attributed to economist Richard Koo and is related to the debt deflation concept described by economist Irving Fisher. Recent examples include Japan's recession that began in 1990 and the U.S. recession of 2007-2009.
brand slug:
wiki
category slug:
encyclopedia
description:
Type of economic recession
original url:
https://en.wikipedia.org/wiki/Balance_sheet_recession
date created:
date modified:
2024-04-04T11:41:12Z
main entity:
{"identifier":"Q860366","url":"https://www.wikidata.org/entity/Q860366"}
image:
fields total:
13
integrity:
14