Recession FOR YOU - Recession is a significant decline in...

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Recession is a significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. A recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise A country tries to defend its currency under revaluation or devaluation as they mean official changes in the value of a country's currency relative to other currencies. Recession and devaluation/revaluation are mutually exclusive such that when there are unemployment or reduction in income or bankruptcies or reduction in profit or inflation fall under recession, it is not possible for the Government and Apex Financial Institutions to reduce the currency rate drastically as in revaluation/devaluation and vice versa.
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What are some pros and some cons about the current recession? Fiscal policy tool: Taxation Recession and robust economic growth Taxation Pros on Unemployment: 1) Reducing income taxes can cause unemployment to decrease and provide an optimistic financial strategy for majority of the employed workforce. It also increases productivity and healthy business ethics, both of which are beneficial for businesses, employers, and overall commerce.
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