Author: Dilawar seo

Recessions are economic downturns that pose significant challenges for policymakers, investors, and the general public. A recession is defined as a period of economic decline marked by two consecutive quarters of negative GDP growth. This comprehensive guide explores the definition, identification, types, and impacts of recessions. We will also discuss strategies for individuals and investors to prepare for and navigate through these challenging periods. Recessions typically last between six to eighteen months, depending on the severity and underlying causes. Defining Recessions The Basic Definition A recession, in its most basic form, is defined by two consecutive quarters of declining gross…