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pythonlover

Karma: 797301

Recession is defined as a consequential reduction in economic activity, throughout a country, existing at least for few months. The dwindling in various parameters like Gross Domestic Product(GDP),capacity utilization, business profits, employment opportunities, household incomes, investment spending, inflation, net export activity and government spending all bear testimony to this declivity. The attributes of recession are leading to bankrupt and enhanced unemployment rate.

Source :http://www.whatisrecession.com/

13 years ago. Rating: 3
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