Archive for July 6th, 2009

When does an economic recession become an economic depression?

Monday, July 6th, 2009
recession
James Zaworski asked:


An economic recession is defined as two consecutive quarters of no growth in the GDP, or negative growth in the GDP. What is the definition of “Depression”?

Mathew
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Posted in Finance | Comments Off

What happens when the economy goes in to recession?

Monday, July 6th, 2009
recession
booboo asked:


I was readding today that Greenspan warns “US economy may fall into recession later this year.”.What does that mean for the general population and how will this affect us?
Yes, I was reading today that was typo.

Christian
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Posted in Finance | Comments Off