Recession
hideIn economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
For more information about Recession, read the full article at
Wikipedia.
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News tagged with downturn
Japan's Panasonic wins control of ailing Sanyo
Dec 10, 2009 |
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Panasonic Corp. announced Thursday it had secured a controlling stake in smaller rival Sanyo Electric Co. in a 4.6-billion-dollar takeover that revamps Japan's troubled electronics industry.
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Hi-tech, eco-friendly dream home takes shape in Japan
Dec 14, 2009 |
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On Tokyo Bay, at the edge of the largest urban sprawl on Earth, sits what may be an environmentalist's dream home.
UN talks: Rich nations must make big emission cuts
Dec 11, 2009 |
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(AP) -- Wealthy nations would commit to drastically reduce greenhouse gas emissions in the next decade, and the world should strive to nearly eliminate them - or at least cut them in half - by 2050 under ...
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