The GDP will grow.
some characteristics are: 1. Lower industrial production 2. Lower per capita consumption 3. high unemployment 4. high inflation 5. Declining GDP 6. Declining profits & revenues etc...
-real GDP goes up-will eventually reach a peak-prices going up-supply and demand go up
-worker layoffs -lower prices -less consumer spending therefore, -less profit for businesses -slow economy -less demand for products
before answering the question, let's review : The six stages of a typical business cycle Stage 1 [recession à contraction] Bonds...