Economic Recession: Causes and Effects
An economic recession is a slowdown in economic activities such as employment, distribution, production, real income and real GDP. The 2008-2009 economic recession was the longest in duration and deepest in contraction since the great depression of 1929-1932, Roberts M. (2009). Its causes were mainly preventable through a series of legislations and so it can be avoided in the future. The effects went across the […]