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Project Report

On

Global Recession

Submitted By:
Rimpi Arupkumar Dutta
PGDBM with Ecommerce
Roll No: 31
H.L College, Ahmedabad.

Global Recession

A global recession is a period of global economic slowdown. A definition of a global recession is provided by the IMF. It regards a global recession to be occurring when the global growth declines below 3%.

Informally, a recession in a country is a period of declining productivity. In a 1974 New York Times article, Julius Shiskin suggested several rules of thumb to identify a recession, which included two successive quarterly declines in gross domestic product (GDP), a measure of the nation's output. It is now a commonly mentioned definition of a recession. In USA, NBER is regarded to be the authority that identifies a recession which takes several measures into account in addition to GDP growth.

In developed nations other than USA, the two quarter rule is generally used for identifying a recession. However defining......

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Approximate Word Count: 2420
Approximate Pages: 10 (250 words per double-spaced page)

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