Recession

id: recession-173-15365420
title: Recession
text: In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending. 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 or natural disaster. But there is no official definition of a recession, according to the IMF. In the United S
brand slug: wiki
category slug: encyclopedia
description: Business cycle contraction
original url: https://en.wikipedia.org/wiki/Recession
date created: 2001-02-19T08:54:42Z
date modified: 2024-09-02T14:51:06Z
main entity: {"identifier":"Q176494","url":"https://www.wikidata.org/entity/Q176494"}
image:
fields total: 13
integrity: 15

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