The document discusses recessions, including their causes and effects throughout history. Specifically, it mentions that a recession is defined as two consecutive quarters of negative GDP growth. It provides examples of major recessions such as the Great Depression in the 1930s and the sub-prime crisis. While recessions can be harmful, the document notes that they can also spur innovation and policy changes, citing examples from Finland, India, and the UK. It concludes by recommending long-term strategies such as innovating technology, focusing on entrepreneurship, and restructuring industries to reduce recessions' effects.
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An Overview On History and How We Can Fight With
The document discusses recessions, including their causes and effects throughout history. Specifically, it mentions that a recession is defined as two consecutive quarters of negative GDP growth. It provides examples of major recessions such as the Great Depression in the 1930s and the sub-prime crisis. While recessions can be harmful, the document notes that they can also spur innovation and policy changes, citing examples from Finland, India, and the UK. It concludes by recommending long-term strategies such as innovating technology, focusing on entrepreneurship, and restructuring industries to reduce recessions' effects.
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An overview on history and how we
can fight with
Recession???... When GDP growth is negative for two consecutive quarters or more
When aggregate demand
decrease due to any reason Causes and Effects Types History The Great Depression(1930’s) 1970’s Oil Crisis 1990’s Crisis 1997’s Asian Crisis Sub-Prime Crisis Is recession is always harmful? Rise of Asian Countries as new markets
After facing recession,Finland changed its
focus on communication technology i.e. Nokia Recession bring liberal, privatization policy in India
In U.K., Recession force govt. to
restructuring of many manufacturing industries Conclusion Now we, when facing the recession, just need do not respond it but to make long term strategy to reduce its effect.