This recession was first caused by banks lending money to people that weren't very likely to re-pay the money. This caused the trust in banks (by people, governemtns and other banks) to fall and now...
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in...
n economics, a recession is a business cycle contraction, a general slowdown in economic activity over a period of time longer than a few months.[1][2] During recessions, many macroeconomic...
Technically a recession starts with two quarters of negative growth. If there has only been one such quarter published but it is clear that things are going to get worse before they get better then...