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What is a Recession? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

A recession is a period of general economic decline that typically involves a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally defined as a decline in GDP for two or more consecutive quarters and considered less severe than a depression. However, a recession can eventually be classified as a depression if it continues long enough. There is no one obvious cause of a recession, although the blame usually falls on the government.

 

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