Recession
A recession is a significant pervasive and persistent decline in economic activity. Economists measure a recessions length from the prior expansions peak to the downturns trough.
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Recessions generally occur when there is a widespread drop in spending an adverse demand shock.
. The 2020 recession itself was brief but its mass layoffs and furloughs along with a rapid shift to working from home shattered previous. In economics a recession is a business cycle contraction when there is a general decline in economic activity. This may be triggered by various events such as a financial crisis an external trade shock an adverse supply shock the bursting of an economic bubble or a large-scale anthropogenic.
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