A recession is a period of economic decline characterized by a decrease in economic activity, such as a decrease in GDP, employment, investment, and consumer spending. It is typically marked by a sustained period of negative economic growth and can lead to high unemployment, lower wages, and reduced consumer and business confidence. recessions are usually caused by a combination of factors, such as a decline in demand, financial crises, or natural disasters. Governments and central banks often take measures to stimulate the economy during a recession, such as lowering interest rates or increasing government spending.
