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Both inflation and recession are occurring. A special term was coined for that. It is stagflation.
Recession
It is called an inflation or recession.
Inflation causes people to save on everything. This makes commerce to sell less. Selling less causes unemployment. Unemployment and low consumption cause recession. No inflation implies on high consumption which must be controlled as well, but is much better than inflation and recession.
Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.
The relationship between inflation and recession is that a recession will cause inflation to go down. The reason for this is due to their being less money being spent due to the recession.
Both inflation and recession are occurring. A special term was coined for that. It is stagflation.
Recession
It is called an inflation or recession.
Inflation and Recession.
Inflation causes people to save on everything. This makes commerce to sell less. Selling less causes unemployment. Unemployment and low consumption cause recession. No inflation implies on high consumption which must be controlled as well, but is much better than inflation and recession.
Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.
Inflation?
high interest rates such as the repo rates and high inflation rate
Recession: Two consecutive quarters of decline in the country's GDPDepression: 4 consecutive quarters of decline in country's GDPInflation: The rate at which the prices of goods and other essential commodities are increasing every year
The US govt. classifies a recession as 2 back to back quarters of negative GDP growth.
recession..A+