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 economic slowdown
India's Wipro posts 19 percent rise in profits
Oct 27, 2009 |
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India's third-largest software group Wipro on Tuesday reported a 19-percent rise in net profit and forecast improving demand, underscoring new optimism in the sector.
Japan's Hitachi posts first-quarter loss
Jul 28, 2009 |
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Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.
Japan's NEC to exit supercomputer project
May 14, 2009 |
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Japan's ailing IT giant NEC Corp. said Thursday that it would withdraw from a government-backed supercomputer project as part of its efforts to cut costs during the economic slump.
Japan's Pioneer expects sixth year in red
May 13, 2009 |
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Japan's Pioneer Corp. warned it would spend a sixth straight year in the red as it pulls the plug on its loss-making television business and slashes thousands of jobs.
Chip sales down 30 pct in March: SIA
May 01, 2009 |
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Global semiconductor sales fell nearly 30 percent in March compared with a year ago but improved slightly over the previous month, the Semiconductor Industry Association (SIA) said Friday.
India's Tata Consultancy Services Q4 net profit up 4.6 pct
Apr 20, 2009 |
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India's largest software exporter Tata Consultancy Services Monday said net profit rose 4.61 percent in the fourth quarter, hit by lower fees and cuts in technology spending due to the global economic slowdown.
Britons offered cash grants to buy electric cars
Apr 16, 2009 |
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British motorists could receive up to 5,000 pounds (5,700 euros, 7,500 dollars) if they buy an electric car under government proposals unveiled Thursday.
Japanese firms in talks on microchip merger
Apr 16, 2009 |
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Renesas Technology Corp. and NEC Electronics Corp. are in merger talks to create Japan's top chipmaker as they seek to survive the global recession, reports said Thursday.
China Mobile reports 2008 net profit up 30 percent
Mar 19, 2009 |
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China Mobile, the world's largest mobile phone network operator, said Thursday its profits jumped by 30 percent last year, but warned China's telecoms market faced a tough 2009.
Hitachi to replace president, split off businesses
Mar 16, 2009 |
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Japanese hi-tech giant Hitachi Ltd. said Monday that it was replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss.
Economist's Model Forecasted Current Economic Slowdown One Year In Advance
Sep 25, 2008 |
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(PhysOrg.com) -- An economist at Rensselaer Polytechnic Institute says that a model he developed forecasted the current economic slowdown at least one year before it became apparent to most observers. The ...
