Recession
This may be triggered by various events such as a financial crisis an external trade shock an adverse supply shock the bursting of an economic bubble or a large-scale anthropogenic. The 2001 recession was preceded by the dot-com bubble burst and the 2007-2009 recession was preceded by the housing bubble.
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Recessions generally occur when there is a widespread drop in spending an adverse demand shock.
. A recession is a significant pervasive and persistent decline in economic activity. Asset bubbles develop when the economy is thriving and investors in a. In economics a recession is a business cycle contraction when there is a general decline in economic activity.
Economists measure a recessions length from the prior expansions peak to the downturns trough.
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