{"id":10954,"date":"2023-01-13T08:50:58","date_gmt":"2023-01-13T03:20:58","guid":{"rendered":"https:\/\/polscienceweb.com\/?post_type=portfolio&#038;p=10954"},"modified":"2023-01-13T08:51:13","modified_gmt":"2023-01-13T03:21:13","slug":"what-is-a-recession","status":"publish","type":"portfolio","link":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/","title":{"rendered":"What is a recession?"},"content":{"rendered":"\n<h4 class=\"has-text-align-center wp-block-heading\"><strong>The only advantage of a recession is that it helps keep inflation under control.<\/strong><\/h4>\n\n\n<div class=\"has-text-align-center wp-block-post-date\"><time datetime=\"2023-01-13T08:50:58+05:30\">13th January 2023<\/time><\/div>\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<details class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">\n<summary class=\"wo-block-verse\" style=\"font-size: 18.5px; text-align: center;\">Read more<br><br><\/summary>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n>According to the World Bank, this year the global economy will come <strong>&#8220;dangerously close&#8221; to entering a recession<\/strong> as a result of slower growth in all of the world&#8217;s leading economies\u2014the United States, Europe, and China.<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n>A recession is when economic activity declines. The &#8216;technical&#8217; definition of a global recession is when income per person falls worldwide in a year. Recessions can generate widespread job losses and business closures. They also leave scars: countries often take a long time to recover, and those who lose jobs are at risk of lasting disadvantage.<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n>The pandemic in 2020 was the cause of the last global recession. If we have another, it will be the first time since the 1930s Great Depression that we&#8217;ve had two in a decade.<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n><strong>What makes it likely? <\/strong>Rising interest rates are one cause. High-interest rates are a technique for combating inflation (increasing prices), but they discourage spending. If interest rates rise for an extended period of time, this can cause a recession.<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n>The World Bank says there are already warning signs of this, such as &#8220;weak&#8221; investment numbers and a &#8220;rapid&#8221; drop in housing markets.<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\"\n>The World Bank has cut its prediction for global growth this year by nearly half, to<strong> 1.7% from 3%<\/strong> previously.<\/p>\n\n\n\n<\/details>\n\n\n\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/news\/industry\/world-bank-recession-a-looming-threat-for-global-economy\/96891441#:~:text=The%20global%20economy%20will%20come,World%20Bank%20warned%20on%20Tuesday.\" target=\"_blank\" rel=\"noreferrer noopener\">ET<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The only advantage of a recession is that it helps keep inflation under control. According&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10957,"comment_status":"closed","ping_status":"closed","template":"","portfolio-category":[452,453,426],"class_list":["post-10954","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio-category-452","portfolio-category-january-2023","portfolio-category-newsfeed"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is a recession? - Politics Science News<\/title>\n<meta name=\"description\" content=\"The only advantage of a recession is that it helps keep inflation under control - All the causes of recession - 2023 recession most likely\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a recession? - Politics Science News\" \/>\n<meta property=\"og:description\" content=\"The only advantage of a recession is that it helps keep inflation under control - All the causes of recession - 2023 recession most likely\" \/>\n<meta property=\"og:url\" content=\"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"Politics Science News\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-13T03:21:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/polscienceweb.com\/wp-content\/uploads\/2023\/01\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/\",\"url\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/\",\"name\":\"What is a recession? - Politics Science News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/polscienceweb.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png\",\"datePublished\":\"2023-01-13T03:20:58+00:00\",\"dateModified\":\"2023-01-13T03:21:13+00:00\",\"description\":\"The only advantage of a recession is that it helps keep inflation under control - All the causes of recession - 2023 recession most likely\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/#primaryimage\",\"url\":\"https:\\\/\\\/polscienceweb.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png\",\"contentUrl\":\"https:\\\/\\\/polscienceweb.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png\",\"width\":800,\"height\":400,\"caption\":\"recession\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/what-is-a-recession\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/polscienceweb.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portfolio\",\"item\":\"https:\\\/\\\/polscienceweb.com\\\/index.php\\\/portfolio\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What is a recession?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/polscienceweb.com\\\/#website\",\"url\":\"https:\\\/\\\/polscienceweb.com\\\/\",\"name\":\"Politics Science News\",\"description\":\"Latest Articles\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/polscienceweb.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is a recession? - Politics Science News","description":"The only advantage of a recession is that it helps keep inflation under control - All the causes of recession - 2023 recession most likely","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/","og_locale":"en_US","og_type":"article","og_title":"What is a recession? - Politics Science News","og_description":"The only advantage of a recession is that it helps keep inflation under control - All the causes of recession - 2023 recession most likely","og_url":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/","og_site_name":"Politics Science News","article_modified_time":"2023-01-13T03:21:13+00:00","og_image":[{"width":800,"height":400,"url":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2023\/01\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/","url":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/","name":"What is a recession? - Politics Science News","isPartOf":{"@id":"https:\/\/polscienceweb.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/#primaryimage"},"image":{"@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/#primaryimage"},"thumbnailUrl":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2023\/01\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png","datePublished":"2023-01-13T03:20:58+00:00","dateModified":"2023-01-13T03:21:13+00:00","description":"The only advantage of a recession is that it helps keep inflation under control - All the causes of recession - 2023 recession most likely","breadcrumb":{"@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/#primaryimage","url":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2023\/01\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png","contentUrl":"https:\/\/polscienceweb.com\/wp-content\/uploads\/2023\/01\/ECONOMIC-SHOCK-arising-due-to-unforeseen-events-like-Coronavirus-the-most-recent-example.png","width":800,"height":400,"caption":"recession"},{"@type":"BreadcrumbList","@id":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-is-a-recession\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/polscienceweb.com\/"},{"@type":"ListItem","position":2,"name":"Portfolio","item":"https:\/\/polscienceweb.com\/index.php\/portfolio\/"},{"@type":"ListItem","position":3,"name":"What is a recession?"}]},{"@type":"WebSite","@id":"https:\/\/polscienceweb.com\/#website","url":"https:\/\/polscienceweb.com\/","name":"Politics Science News","description":"Latest Articles","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/polscienceweb.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio\/10954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio"}],"about":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/types\/portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/comments?post=10954"}],"version-history":[{"count":2,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio\/10954\/revisions"}],"predecessor-version":[{"id":10956,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio\/10954\/revisions\/10956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/media\/10957"}],"wp:attachment":[{"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/media?parent=10954"}],"wp:term":[{"taxonomy":"portfolio-category","embeddable":true,"href":"https:\/\/polscienceweb.com\/index.php\/wp-json\/wp\/v2\/portfolio-category?post=10954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}