ABC News' correspondent Alexis Christoforous explains what it means for an economy to be in recession. #ABCNews #recession #economy #unemployment #prices #supplychain #FederalReserve... ( read more )
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A recession is a term used to describe a period of economic decline. In other words, it is a time when the economy experiences negative growth, which leads to a decrease in the gross domestic product (GDP). This can happen for a variety of reasons, but often it is due to a slowdown in consumer spending or a decrease in business investments. When a recession occurs, it can have a significant impact on the economy as a whole. The unemployment rate may rise, businesses may shut down or reduce their workforce, and consumers may struggle to make ends meet. Governments often respond to a recession by implementing poli...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)