News tagged with economic slump
US firm investing billions in crisis-hit chip industry
Despite the economic slump that has battered the semiconductor business, a new player from the United States' Silicon Valley technology belt is investing billions of dollars in a bid to catch the next wave ...
Apr 09, 2009 |
4.2 / 5 (5) |
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India's TCS announces 29 pct quarterly profit jump
India's biggest software services exporter, TCS, reported Friday that its quarterly net profit rose by 29 percent as the company sealed more deals in a better global business environment.
Oct 16, 2009 |
5 / 5 (2) |
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Japan's NEC to exit supercomputer project
Japan's ailing IT giant NEC Corp. said Thursday that it would withdraw from a government-backed supercomputer project as part of its efforts to cut costs during the economic slump.
May 14, 2009 |
3 / 5 (2) |
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Japan's top chipmaker Toshiba posts record loss
(AP) -- Japan's top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
May 08, 2009 |
5 / 5 (1) |
1
Probing Question: How do we know a recession has ended?
In today's struggling economy, one check on the day's news is bound to turn up reports of unemployment, falling home values and foreclosures.
Other Sciences / Economics & Business
Oct 21, 2010 |
2 / 5 (1) |
0
Recession
In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. 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 and business profits all fall during recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
For more information about Recession, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
