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
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