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What is reccesion?

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Shyl

Lvl 1
16y ago
Updated: 4/28/2022

A Recession is a term used when the GDP of a nation is on a downward movement for two or more consecutive quarters

GDP - Gross Domestic Product (Approximately the sum of the total industrial revenue generated in the country) This is usually measured quarterly, half yearly or annually...

When the GDP of a nation has consistently declined for two or more consecutive quarters, then the country is supposed to be in a state of recession.

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16y ago

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