There are concerns the next global recession may be just around the corner, so what exactly is a recession? CNBC's Tom Chitty explains. ----- Subscribe to us on YouTube: Subscribe to CNBC International TV on YouTube: Like our Facebook page: Follow us on Instagram: Follow us on Twitter: ... ( read more )
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In basic terms, a recession can be defined as a significant decline in economic activity that is typically marked by a decrease in gross domestic product (GDP), income, employment, manufacturing and retail sales, and other indicators of economic health. A recession typically occurs when there is a widespread decline in spending and investment across an economy, which can be caused by a number of factors including but not limited to: - A sharp increase in interest rates or inflation - A financial cri...
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 :)