Showing posts with label information. Show all posts
Showing posts with label information. Show all posts
Opinion: The ways forward for the economy to be out of recession
Recessions
generally occur when there is a widespread drop in spending.
A recession
is a negative economic growth for two consecutive quarters, which has occurred
in the Nation.
Macroeconomic
indicator for the recession in the Nation is inflation rate and high
unemployment; in addition to fall in Gross Domestic Product (GDP), household
income, investment spending, capacity utilization (the extent or level to which
the productive capacity of the Nation is being used in generation of goods and
services), and business profits.
Definition, causes and effects of recession
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 leadership, often either the president himself, the head of the Federal
Reserve (CBN Governor in Nigeria’s case), or the entire administration.
The Gulabi gang; against domestic violence
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