Related topics: recession

Reduced fuel use by US drivers a persistent trend

(Phys.org) —Despite U.S. population growth, fuel consumption by American drivers of light-duty vehicles is now lower than it was 15 years ago, says a University of Michigan researcher.

Infosys shares surge on stronger revenue forecast

Leading Indian IT outsourcer Infosys posted higher quarterly profit and raised its revenue projection for the year on Friday after gaining more than 50 international clients.

Lack of worker skills threatens European recovery (Update 2)

Andrea Ortiz, a 24-year-old Spaniard, has degrees in law and business yet works in a multinational clothing company as a store clerk. She has little hope of advancement and fears that when finally she does get a job she wants, ...

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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.

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