Is A Recession Worse Than A Depression?

A recession is an economic downturn that affects output and employment while also lowering household income and consumption. A depression has even more severe consequences, including widespread unemployment and significant pauses in economic activity. Recessions might be more confined, whereas depressions can affect the entire world. What distinguishes a recession from a depression? A recession

Is A Recession Worse Than A Depression? Read More »

How To Measure Recession?

Industrial production, employment, real income, and wholesale-retail commerce all show signs of a recession. Although the National Bureau of Economic Research (NBER) does not require two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP) to declare a recession, it does use more frequently reported monthly data to make

How To Measure Recession? Read More »