Recessions are caused when there's a decline in the gross domestic product (GDP) for multiple consecutive quarters. This creates a domino effect that causes panic which reduces consumer confidence and spending. Other factors that cause a recession are disasters, pandemics, high interest rates...
This post is for subscribers only
Already have an account? Sign in
You've successfully subscribed to LifeStylenaire
Great! Next, complete checkout for full access to LifeStylenaire
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.