
Author | : Luís César Nunes |
Publisher | : Lulu.com |
Release Date | : 30 September 2008 |
ISBN | : 9781435752672 |
Pages | : 144 pages |
File Size | : 47,7 Mb |
Total View | : 5541 Views |
Collateral Damages by Luís César Nunes Book PDF Summary
A recession is defined to be a period of two quarters of negative GDP growth.Thus: a recession is a national or world event, by definition. And statistical aberrations or one-time events can almost never create a recession; e.g. if there were to be movement of economic activity (measured or real) around Jan 1, 2000, it could create the appearance of only one quarter of negative growth. For a recession to occur the real economy must decline.
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