There are concerns the next global recession may be just around the corner, so what exactly is a recession? CNBC’s Tom Chitty explains.
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In basic terms, a recession can be defined as a significant decline in economic activity that is typically marked by a decrease in gross domestic product (GDP), income, employment, manufacturing and retail sales, and other indicators of economic health.
A recession typically occurs when there is a widespread decline in spending and investment across an economy, which can be caused by a number of factors including but not limited to:
– A sharp increase in interest rates or inflation
– A financial crisis or banking crisis
– A significant decline or sudden shock to the stock market or other financial markets
– A major natural disaster or global health crisis, such as the COVID-19 pandemic.
During a recession, businesses may struggle to maintain profits and may be forced to lay off workers or close their doors altogether. As a result, unemployment rates increase, consumer spending decreases, and overall economic growth slows.
While recessions can be difficult for individuals and businesses, they often lead to changes in economic policies and regulations that can improve the overall health and stability of the economy over the long term. Additionally, recessions can create buying opportunities for investors who are able to buy stocks, real estate, and other assets at a lower price.
Governments and central banks typically respond to recessions by implementing policies and programs designed to stimulate economic growth and prevent further declines. These may include cutting interest rates, increasing government spending or borrowing, and increasing aid to struggling businesses and individuals.
In conclusion, a recession is a significant decline in economic activity that can have far-reaching effects on businesses, individuals, and the overall health of the economy. While they can be difficult to navigate, recessions often lead to changes and improvements that can ultimately benefit everyone in the long term.
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.
Investing in stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial- advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist
It's Been So rough for me trading on my own
Because I have had a lot of losses think
The real market is manipulated Please,
Can Anyone Help me Out Or Tell me What I'm
Doing Wrong?
So glad he had those dominoes to explain the domino effect. I was so confused!
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. Now my question, what steps can we take to generate more income during quantitative adjustment? Also, where should we put our invstment money now to better prepare for the future and a liquidity crisis? I can't afford my hard-earned $80,000 savings to turn to dust
Oh for the love of all things sane and responsible: if everybody acts like there’s not a recession then there isn’t one. Don’t let these absolutely embarrassing children, that SOMEhow are allowed to run the world, brainwash you into thinking one is coming, thereby creating one. Get a grip.
"IT'S HAPPENING IN THE NOW!!!"
“A recession is when dubleybabbadoo” – Joseph Biden most likely
ok the recession is here 2022 dec
If only these companies would pay a fair minimum wage these type of recession wouldn't be happening
1:48 recession
Dumbocrats can't ever call anything what it really is. Can't define woman. Can't define recession. Mis-name all their bills with untruthful words opposite of their real effect (like their Affordable Care Act that wasn't affordable at all and caused costs to skyrocket, like their Inflation Reduction bill that will make inflation worse, etc etc ad nauseum). The party of zero integrity. Ruining America. 2024 can't come fast enough.
CNBC is providing a different definition of recession in 2022. I wonder why?
So what's a recession in 2022? Apparently not what it was in 2020
Biden's America
The actual established definition of a recession is when Janet Yellen, P Diddy and Mr. T stop wearing 24kt. gold necklaces, rings and 25 pound pendants, and wear cultured pearl necklaces, and 14kt. gold rings and 5 pound pendants
So now your definition of a recession is wrong lol. The White House is funny
So is the US in recession?
All I know that when I go to the supermarket everything is more expensive. Rent is up, interest rates up, gas is up and my 401K is in the dumps. You can sugar coat it and call it whatever you want but I and most working Americans are getting hit in the pocket. Biden’s economy is ruining the US.
So we are in a recession now. Thanks Brandon!!