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What is an Economic Slow Down?

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K D Maurya

Lvl 1
1y ago
Updated: 2/8/2024

An economic slowdown refers to a period of reduced economic activity characterized by a decrease in various economic indicators such as GDP growth, employment rates, consumer spending, business investment, and industrial production. It often involves a contraction in the economy's overall output and can lead to lower levels of income and increased unemployment. Economic slowdowns can be caused by various factors such as a decrease in consumer demand, tightening monetary policy, declining business confidence, or external shocks like recessions in other countries or geopolitical tensions.

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doctorbauchi65

Lvl 4
1y ago

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