Review:
Economic Recession
overall review score: 2.5
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score is between 0 and 5
An economic recession is a period of economic decline characterized by a decrease in GDP, employment, consumer spending, and investment. It often leads to increased unemployment rates and financial instability.
Key Features
- Decrease in GDP
- Unemployment
- Decrease in consumer spending
- Financial instability
Pros
- No pros listed
Cons
- Increased unemployment
- Financial hardship for individuals and businesses
- Uncertainty in the market