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 slump
India's TCS announces 29 pct quarterly profit jump
Oct 16, 2009 |
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India's biggest software services exporter, TCS, reported Friday that its quarterly net profit rose by 29 percent as the company sealed more deals in a better global business environment.
Toshiba to stop making mobile phones in Japan
May 20, 2009 |
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(AP) -- Japan's top chipmaker Toshiba Corp. said Wednesday it will end production of mobile phones in Japan due to plummeting demand amid an economic slump.
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 top chipmaker Toshiba posts record loss
May 08, 2009 |
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(AP) -- Japan's top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Asia Pacific PC sales down five pct in first quarter: report
Apr 20, 2009 |
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Sales of personal computers in the Asia Pacific region excluding Japan fell five percent in the first quarter from the previous year as a global economic slump hurt demand, a report said Monday.
US firm investing billions in crisis-hit chip industry
Apr 09, 2009 |
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Despite the economic slump that has battered the semiconductor business, a new player from the United States' Silicon Valley technology belt is investing billions of dollars in a bid to catch the next wave ...
Smart bubbly, corny USB sticks lead fair's gadget parade
Electronics / Consumer & Gadgets
Mar 04, 2009 |
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Intelligent champagne bottles, "green" USB sticks made of corn and an understanding alarm clock led the parade of fun, futuristic gadgets at the world's biggest high-tech fair.
