What is Recession?
Answers were Sorted based on User's Feedback
Answer / kuldeep kshirsagar
A period of general economic decline; specifically, a
decline in GDP for two or more consecutive quarters.
Is This Answer Correct ? | 19 Yes | 2 No |
Answer / kunal nerkar
when country's two Q's GDP growth(Immidiate pressiding)
showes negative figures then it can be officialy called
Recession in that particular cantry.
Is This Answer Correct ? | 12 Yes | 3 No |
Answer / deepak
A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is negative for a period of two or more consecutive quarters.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sushantrajput
Originates from distrust and ends to collapse.
Is This Answer Correct ? | 0 Yes | 2 No |
Answer / kumararvind
A RECESSION IS WHEN GDP GROWTH SLOWS, BUSINESSES STOP EXPANDING, EMPLOYMENT FALLS, AND HOUSE PRICE DECLINE FOR TWO CONSECUTIVE QUATERS.
Is This Answer Correct ? | 1 Yes | 3 No |
Answer / arul
A recession is a general slowdown in economic activity over
a sustained period of time, or a business cycle contraction
Is This Answer Correct ? | 1 Yes | 5 No |
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