Bottom Line
The government usually intervene when the major institutions of the nation such as banks, and other primary business fails. Government usually makes changes in its economic strategies to deal and overcome with the recession. There are also some positive effects for some companies, that predict upcoming recessions and earn a decent profit during a recession.
Also Check:
Recession: What it is and causes it?
Recession is one of the major factors that can disrupt the continuous economic growth of a nation. A large-scale, widespread economic downturn that hurts a nation’s economic growth is known as a recession. The standard rule of thumb is that an economy is said to be in a recession if it has a negative GDP for more than two consecutive quarters. However, even though this short period of recession, causes great damage to the country’s economy, as it results in unemployment, leading to increased poverty.
Contact Us