ABC News’ correspondent Alexis Christoforous explains what it means for an economy to be in recession.
#ABCNews #recession #economy #unemployment #prices #supplychain #FederalReserve…(read more)
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A recession is a term used to describe a period of economic decline. In other words, it is a time when the economy experiences negative growth, which leads to a decrease in the gross domestic product (GDP). This can happen for a variety of reasons, but often it is due to a slowdown in consumer spending or a decrease in business investments.
When a recession occurs, it can have a significant impact on the economy as a whole. The unemployment rate may rise, businesses may shut down or reduce their workforce, and consumers may struggle to make ends meet. Governments often respond to a recession by implementing policies designed to stimulate the economy, such as lowering interest rates or increasing spending on infrastructure projects.
One of the most well-known recessions in recent history was the 2008 financial crisis, which saw banks and financial institutions collapse due to risky lending practices. This led to a global recession that lasted for several years, during which time many people lost their jobs and homes.
It’s important to note that a recession is not the same as a depression. While both are periods of economic decline, a depression is a severe and prolonged recession that lasts for several years and has far-reaching consequences.
In order to determine whether or not the economy is in a recession, economists look at a variety of economic indicators such as GDP, inflation, and employment rates. By tracking these trends, they can identify when the economy is beginning to slow down and take action to address the underlying causes.
In conclusion, a recession is a period of economic decline in which an economy experiences negative growth. While it can have significant consequences for individuals and businesses, governments can take action to mitigate its impact and stimulate the economy. By closely monitoring economic indicators, economists can identify when a recession is likely to occur and work to prevent its worst effects.
I believe I should watch a video on "How to survive the current recession" given the state of things. Actually, it's a complete failure. The fact that some people could still earn more than $$$k in a short period of time astounded me. If that's still the case, please explain how.
Blame the social media like YouTube, tiktok and other media similar to that cuz no one wants to work any more because they get way better pay being a yuotuber or vloggers means no worker or trade no product no flow equals high inflation
“Try to have 6 months of cash” lmao yea ok
This really only proved to me that nobody is paid enough…
Stock market crash is the best time to buy and be millionaire
I predict that Home prices will go up. A realtor ask me why ? I told her that is because there is NO INVENTORY> In My neighborhood there is 0 homes for sale. Like Daimonds there are plenty to go around, but if only a few are for sale, they costs many times more.
Everyone in america should meet in a field and just have a picnic
Help Ukraine more and you’ll have nothing to eat soon ,Democrats made that on purpose so their friends can sell gas and oil to Europe for much Higher price .Trump made huge reserves of oil ,democrats will spend it all soon )
We are all just prawns in this big game
As long as you are using a paper money recession will be where you will be laid.
Practical advice for those concerned, not just all doom and gloom. Very nice to see
People never know how to avoid making mistake while trading, you need to get full understanding and knowledge it is not something you just gamble, Mrs Dailey Carinn Stephanie. consistent and constructive. I am getting thel best from it"
years? thought this was a "quarterly" decision?
it's not because of the war it's Biden
Wrong. The definition of a recession has always been two consecutive quarters of negative gdp growth.
#shareplease
https://www.youtube.com/watch?v=MVN770EhqvQ&t=10s
Every one is talking about the recession. I believe, I can survive well in this recession, because of my simple sustainable living.
Think, I am ready for it.
Happy Biden recession everyone!
Not a recession because they changed the definition. It's alwsys been two consecutive quaters negative GDP until Biden mushed it.
Recession is whatever democrats say it is to benefit them.
No the technical definition of a recession is a shrinkage in economical growth in two qtrs or more. Kinda like a cold shower that much.
Deep state has gone all out to change the definition of a recession when it's convenient for them… now let's do a search for similar reports from the past to see what their definition was
Biden and the leftists don't care how anyone suffers.
kekw way to try and change the definition of a recession you shills
Putin!!! Lol!! Yah right!
While all the “Big Wigs” are riding high,
Americans are struggling.
Six months❗️? Yeah that’s great advice you libtard fool
I will stick by my earlier forecasts based on the fact that whilst inflation may settle down somewhat it will still hang around the 7%-8% level and continue to bite the consumer throughout 2023 as interest rates go beyond 4%. The S&P will fall to 2950 and Nasdaq to 8750. 2023 is looking like being another disastrous year as we lurch from one economic/energy driven crisis to another
None of this happen with Trump
Thank you a**** Joe Biden voters. We are in a recession no doubt. You stupid f**** idiots
2020 EVERY-ONE'S AFRAID MARKET DOWN=BUY, 2021 EVERY-ONE'S HAPPY MARKET UP=SELL, 2022 EVERY-ONE'S AFRAID MARKET DOWN=BUY, IF GO LOWER=BUY MORE+WAIT. REPEAT THIS OVER AGAIN & AGAIN. Then FIRE YOUR BOSS.
I like the optimistic vibe at the end of the video
The definition of a recession is when your neighbor loses his job.
The definition of a depression is when you lose your job.
The definition of a recovery is when Joe Biden loses his job.
She says to protect yourself if your in the Market is to move your money into a Bond Fund or Cash ….. BULLSHIT…….. Forget about Cash. You need to Buy Recession proof Stocks now like Pepsi, Coca Cola, Pfizer J&J etc. Buy Low and Sell High not the other way around. I lost over $60,000.00 under the advice of Fidelity Rep to move some of my money into a Bond Fund. I wish I left it where I had it in a Fidelity 500 S&P Fund. The Bond Funds Suck right now. I would have lost less then half and have a much better chance of it coming back in the Next year or so……..
Amazing!!All this tax payer money in "BILLIONS" went to Moderna, Pfizer, Abbott & etc. To find a vaccine, let alone distribute vaccine but did Americans know that the Moderna CEO had a $900+ golden parachute he got for this which means so did all CEOs of Pfizer & other CEOs!!Here we are Americans homeless, rent/mortgages skyrocketing, can't afford gas or food & Seniors/Disabled/Vets on Medicare losing QMB Medicaid due to being $5-200 over poverty limit guidelines because FEDS i.e. POWELL forgot to raise fed poverty guidelines for SENIORS so now SENIORS/DISABLED/VETS going bankrupt/committing suicide due to skyrocketing medical & medicine costs, unable to afford food & rent & gas!!Sounds wonky to me HOW ABOUT YOU?