"Recession" Essays and Research Papers

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1990-91 Recession The 1990-91 recession, although milder than previous downturns, significantly affected the United States’ workforce. The 8 month long downturn, beginning in July of 1990 and ending in March of 1991, marked the end of our country’s longest peacetime expansion on record and had the lowest growth rate since the Great Depression (Gardner 3). Although the National Bureau of Economic Research concluded that the early 1990s recession lasted just eight months...

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Impact of Recession on IT industry in India Author : Dr. Kotkar S.N. Abstract A recession is a contraction phase of the business cycle. The effect of recession is on all sectors but the main effect is on IT industry. In that mainly related to lob loss and unemployment. There are also some remedies on recession which helps to become a stable in the market. This paper presents the reasons of recession, impact of recession on IT industry in India and remedies on recession. Keywords: recession, Job...

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Economic Recession

Economic Recession of 2007 William Mwangi Class title and section Professor’s name Due date of Assignment: 26th August 2011. William Mwangi Economic crisis Class Professor’s name 24th August, 2011. Economic Recession of 2007: What caused it and what were the after effects? Can we predict another major recession? Thesis Statement: Although the recession that dates back in 2007 is still long and deep and surely has shown some recovery, the potential that it will completely...

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Us Recession

from one of the longest and deepest recessions since the end of WWII. The definition of a recession is, a general slowdown in economic activity, a downturn in the business cycle, and a reduction in the amount of goods and services produced and sold. This is precisely what happened to the U.S economy from 2007-2009. For the years leading up to recession, a then booming housing market lead some to believe a recession was inmate. Since the start of the recession, the United States has tried to regain...

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ecnomic recession

A recession is a general downturn in any economy. A recession is associated with high unemployment, slowing gross domestic product, and high inflation Economic Recession Definition: Economic recession is a period of general economic decline and is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. Generally, a recession is less severe than a depression. The blame for a recession generally falls on the federal...

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Great Recession

foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. Causes for the crisis. The immediate cause of the crisis was the bursting of the United States housing bubble, which peaked in 2006, caused the values of securities tied to...

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Possible Causes of a Recession in the UK

recession is a period of negative economic growth for 2 consecutive economic quarters. In the post war period UK economic growth has been characterized by the boom and bust economic cycles. A period of growth is followed by high inflationary growth and then a downturn in the economy. However since 1992 the UK has experienced a long period of economic growth, the longest period of uninterrupted growth this century. It appears the UK has temporarily avoided the threat of recession, but although forecasts...

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Effects Of Recession On Education

Explanation on the positive effects of a recession The recession is good for the economy. A recession means that there is a negative growth in GDP in a country during two successive quarters. During a recession people lost their jobs, companies go bankrupt and governments run deficits but these effects do not outweigh the positive effects of a recession. Education Education is feeling this sharply – whether you’re a school pupil, a university student, a teacher, a lecturer, a researcher, a library...

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Impact of Service Sector on Recession

from the services sector. RECESSION: In macroeconomics, recession is the distinct decline in any particular country’s GDP (gross domestic product). In some references its been said that when a country faces negative real economic growth, for two or more successive quarters of a year, that’s also termed as state of recession. But exact definition of recession has always been controversial and economists tend to differ in defining recession. A business recession cycle is the period when both...

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The Role of Banks in Economic Recessions

The role of banks in economic recessions 05.05.2009 In today’s wavering global economic context, the word `crisis` is omnipresent, taking the media by assault and infringing into the population’s daily life, although many countries haven’t even officially entered recession yet. Although recession is generally referred to as a negative Gross Domestic Product growth for a period of at least two consecutive quarters, other important economic...

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