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recession

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recession

In economics, a fall in business activity lasting more than a few months, causing stagnation in a country's output.

The average decline has been about 10% although some recessions, such as 1981–82, can be longer and more severe.



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There are always opportunities to make extra money, even in a tough recession Many people are looking at starting a home business There are always opportunities to make extra money, even in a tough recession.
In the Asia-Pacific region, Japan, Singapore, Hong Kong, Thailand, Taiwan and New Zealand all pulled out of recession in the second quarter, although the recovery is expected to be gradual.
During recession economy and businesses stop expanding, employment falls, people get laid off, unemployment rises, and housing prices decline.
 
 
 
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