Economic Recession Period

An Economic Recession Period is a time period of negative rate of economic change measure (of aggregate economic demand).

• AKA: Period of Decreased Aggregate Economic Demand.
• Context:
  • It can range from being a Mild Economic Recession to being an Economic Depression.
  • It can range from being a Regional Recession (such as a national recession) to being a Global Recession.
  • It can (typically) trigger growth in Unemployment Rates.
  • It can be attributed to an unexpected event to being attributed to a Business Cycle.
  • …
• Example(s):
  • a U.S.A. Recession, Canada Recession, German Recession, Japanese Recession, Chinese Recession, ...
  • The Late-2000s Global Recession.
  • The Late-2000s U.S. Recession, The Early-2000s U.S. Recession, The Early-1990s U.S. Recession.
  • The Great Depression.
  • …
• Counter-Example(s):
  • Economic Expansion Period.
  • Stagflation Period.
• See: Capacity Utilization, Financial Crisis, Supply Shock, Macroeconomic Policies, Monetary Policy, Fiscal Policy.

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References

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/recession Retrieved:2014-2-3.
  • In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP(Gross Domestic Product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.

    Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

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