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 to [...]

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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 [...]

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