|Author||: Luís César Nunes|
|Release Date||: 30 September 2008|
|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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