Posts Tagged ‘define economic recession’

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World Economic Crisis 2008

ShareWe have not seen an economic crisis like this since the 1980’s. Infact, generation Y have never really seen any form on national financial crisis – let alone a global one. This is the world economic crisis 2008 has had such a dramatic affect.
Generation Y are known for their frivolous spending and inability [...]

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Define Economic Recession

ShareWith the current economic crisis seemingly worsening I think it is time to define economic recession!
Economic recession usually describes the reduction of a country’s gross domestic product (GDP) for at least two quarters.
This means that the united states as well as many other countries around the world are currently in the middle of an economic [...]

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