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Can we estimate the time until the next recession?

As the world economy is falling into one of the biggest contractions of the last decades, a new study of economic recession patterns finds that the likelihood of a downturn was high even before the onset of the Coronavirus ...

COVID-19's historic economic impact in the U.S. and abroad

More than 2.1 million people around the world have become infected with COVID-19, and more than 140,000 people have died from the disease. The United States, now approaching 650,000 infections, is the new epicenter of the ...

The coronavirus pandemic is already increasing inequality

So far, the impact of the coronavirus crisis has not been felt equally across the UK population in health and economic terms. If it is followed by a major recession, the effect on inequality could worsen dramatically.

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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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