List of recessions

List of Recessions is a chronological account of economic recessions that have occurred globally. An economic recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Definition of Recession

A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators like employment. Recessions are typically characterized by a rash of business failures and often bank failures, slow or negative growth in production, and elevated unemployment.

Causes of Recession

Recessions are caused by a wide range of factors, including an increase in a nation's inflation, increased interest rates, reduced consumer confidence or decreased investment, falling housing prices and sales, or adverse incidents such as a financial crisis or an economic bubble.

List of Recessions

The following is a list of notable recessions.

The Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

Early 1980s Recession

The Early 1980s Recession was a severe global economic recession that affected much of the developed world in the late 1970s and early 1980s.

Early 1990s Recession

The Early 1990s Recession was a period of economic slowdown in many countries around the world.

Early 2000s Recession

The Early 2000s Recession was a decline in economic activity which mainly occurred in developed countries.

The Great Recession

The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s.

See Also

• Economic cycle
• Depression (economics)
• Financial crisis