IS THERE TWIST IN 2023
Let us learn what is recession first, before we go for precautionary steps.
RECESSION
A recession is a period of economic downturn characterized by a decline in gross domestic product (GDP) for two or more consecutive quarters. It is a normal part of the business cycle, which is the pattern of economic growth and contraction that occurs over time. During a recession, there is usually a decrease in economic activity, such as a decline in consumer spending and business investment. This can lead to higher unemployment rates ( It is evident that we are hearing many layoff's recently ), lower stock prices, and a decrease in the overall standard of living.
