Medill Reports: The dreaded 'R' word explained:
by Joyce Chang
Mar 06, 2008
WASHINGTON – Recession is like the flu. You may have it before you know you have it. Some say we’re in one now, but how do we tell?
by Joyce Chang
Mar 06, 2008
WASHINGTON – Recession is like the flu. You may have it before you know you have it. Some say we’re in one now, but how do we tell?
What are symptoms of a recession? On a very basic level, a recession is a significant slump in a country’s economic activity that lasts for a prolonged period. The following symptoms do not necessarily mean the economy is in a recession, but they are typical signs to watch for:
• Consumer confidence—optimism about the economy’s outlook—lowers.
• Consumer confidence—optimism about the economy’s outlook—lowers.
• Consumer spending falls, often because of a slump in personal incomes.
• Manufacturing decreases because of less consumer demand.
• Job growth slows or there is growing unemployment.
• The stock market dips because of worries about all of the above.
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