TOYIMA NAGAZAKI
New Member
The economy never follows a linear trajectory. Economic experts closely link economic progress with cycles of growth and decline. The recessionary phases are seen as an inescapable part of this business cycle. We speak of a recession when the Gross Domestic Product (GDP) experiences a decrease for two or more consecutive quarters. Likewise, it is usually accompanied by an increase in unemployment, a fall in retail sales and a reduction in income and production indicators.
