IMPACT  OF  GLOBAL  RECESSION  ON  THE  ECONOMY OF  DEVELOPING  COUNTRIES

Authors

  • Dr. Manjeet Singh

Abstract

 

 

 

 

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. During recessions, many macroeconomic indicators vary in a similar way. Production, as measured by gross domestic product (GDP), employment, investment spending, capacity utilization, household incomes, business profits, and inflation all fall, while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending, often following an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation

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Published

2007-2024

How to Cite

Dr. Manjeet Singh. (2021). IMPACT  OF  GLOBAL  RECESSION  ON  THE  ECONOMY OF  DEVELOPING  COUNTRIES. International Journal of Economic Perspectives, 15(9), 32–42. Retrieved from https://ijeponline.com/index.php/journal/article/view/276

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