Recession in the News | INDmoney Classroom #8
What happens in recession?
The recession is bad. It hurts economic growth, employment growth goes down, business growth falls, and usually, the stock market falls as well. Your income growth falls, leading to hurting your finances.
What will a recession mean?
It is known as the economic downturn or contraction in economic growth - impacting your finances negatively.
Are we in a recession now?
As per various analysts, we will be in recession by the end of 2022 or early 2023.
Is a recession a good thing?
No. It is a bad economic event. This is bad for both economy as well as the labor.