Road Sign Ahead: Signs of Economic Recession
An economic recession is defined by a negative growth in gross domestic product for two consecutive quarters. In other words, the gross domestic products are decreasing in production. Recession is a national or world even regional event.
Defining an Economic Recession
The United States has been experiencing economic recession since early of the year 2008. Latvia, Estonia and Lithuania are also at risk of facing economic recession for the next 12 months. While Canada, Britain and Japan may foresee a recession in their economy in the future.
Economic Recession and What it Can do to You
A country's economy operates in a cycle. Sometimes you are up and sometimes you are down below. An economic recession is the low part of that cycle. People do not notice that it is happening before because government was swift to act on it and its policies and clout were able to stabilize the country's economy before much damage is done. However, recently, the efforts of the government and their policies were not enough to stop the downward spiral of the country's economy.