Fewer jobs in recession period

WHAT is recession?

WHAT is recession?

Recession arises when a country's economic activity declines, leading to a decrease in its gross domestic product (GDP).

A country's GDP is the total expenditure for all goods and services produced in a country at a stipulated period.

Signs of recession include high unemployment, decline in consumer spending, declining corporate profits and low private/public investment.

The nett result is that business does not make enough money to invest in new jobs.

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