A recession is when the GDP growth rate of a nation is negative for two consecutive quarters or more. However, a recession can be gauged much before the gross domestic product reports are out, on the basis of key economic indicators like decline in employment levels and incomes. As Kavan Choksi Wealth Advisor says, a recession has far-reaching and interconnected impacts that extend beyond economic indicators. It affects the daily lives of individuals, the functioning of businesses, and the stability of financial markets. Policymakers should try to implement effective measures to mitigate the negative effects of recession and promote a…
Wednesday, July 22