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Global Recession
In economics, recession means reduction of a countrys gross domestic product (GDP) for at least two quarters. IMF regards period when global growth is less than 3% then it tends to be a global recession.
In the US a significant stock market drop has often preceded the beginning of recession. Inverted yield curve. The three month change in the unemployment rate and initial jobless claims. Index of Leading (Economic) Indicators.
Causes of Recession
Currency Crisis. Inflation. National Debt. Speculation and economic bubbles War. Excessive interest rates. Under consumption. Overproduction.
Challenges of Management
Bankruptcies. Banks lending less money. Foreclosures. Deflation. Reduced Sale. Stock market crash. Unemployment.
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