Related topics: recession

How plants can help clean up oilsands tailing ponds

For every barrel of bitumen extracted in Alberta, about 1.5 barrels of non-recyclable tailings volume are produced. In 2019 alone, an estimated 1.5 million barrels of tailings were produced, which would take five to 10 years ...

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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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