223k views
2 votes
How is a recession determined?

1 Answer

2 votes

Answer:

A recession is typically determined by looking at a country's gross domestic product (GDP), which is the total value of all the goods and services produced by a country's economy. If a country's GDP experiences two consecutive quarters of negative growth, it is generally considered to be in a recession. Other factors, such as high unemployment rates and declining consumer spending, can also be used to determine whether a country is in a recession.

User Excellent Lawrence
by
7.6k points