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In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the…
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economic recessions gdp spending market economy decline consumer rate unemployment also like months index real activity business employment leading growth
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Recession | is a | business cycle contraction that occurs when there is a period of broad decline in economic activity | 0.90 | text |
| Recession | is a | province of a committee of experts at the National Bureau of Economic Research | 0.90 | text |
| Recession | is a | period of gradual and sustained recovery where parts of the economy start to grow again | 0.90 | text |
| employment levels | instance of | These summary measures are indicative of underlying drivers | 0.80 | text |
| skills | instance of | These summary measures are indicative of underlying drivers | 0.80 | text |
| household savings rates | instance of | These summary measures are indicative of underlying drivers | 0.80 | text |
| corporate investment decisions | instance of | These summary measures are indicative of underlying drivers | 0.80 | text |
| interest rates | instance of | These summary measures are indicative of underlying drivers | 0.80 | text |
| demographics | instance of | These summary measures are indicative of underlying drivers | 0.80 | text |
| and government policies | instance of | These summary measures are indicative of underlying drivers | 0.80 | text |
| large shock | instance of | if the stability condition is not met due to a weakening of the Keynes effect under circumstances | 0.80 | text |
| where the real supply of money is significantly larger than output | instance of | if the stability condition is not met due to a weakening of the Keynes effect under circumstances | 0.80 | text |
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