noun a period of temporary economic decline during which trade and industrial activity are reduced
A period of reduced economic activity, often characterized by a decrease in consumer spending, investment, and overall economic output.
A downturn in economic activity that can impact businesses by reducing consumer demand, leading to lower sales and potential layoffs.
A time when job opportunities may be limited, leading to higher unemployment rates and difficulty in finding new employment.
A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a decrease in GDP for two consecutive quarters.
A critical consideration for policymakers to address through fiscal and monetary measures to stimulate economic growth and mitigate negative impacts.
A writer may discuss the impact of a recession on various industries in their articles or books.
A psychologist may study the psychological effects of a recession on individuals and communities.
An economist may analyze data to understand the causes and consequences of a recession.
A financial analyst may provide recommendations on how to navigate investment strategies during a recession.
A business consultant may advise companies on how to adjust their operations during a recession to remain profitable.
A policy maker may implement economic policies to mitigate the effects of a recession on the overall economy.
An accountant may help businesses assess their financial health during a recession and make necessary adjustments.
A human resources manager may oversee workforce planning and restructuring in response to a recession.
An entrepreneur may need to adapt their business model to survive and thrive during a recession.
A real estate agent may see changes in the housing market due to a recession and adjust their strategies accordingly.