Re­ces­sion SMBS

Finweek English Edition - - BUSINESS -

their real growth for the next t wo decades too. So this stuff is very real and very im­por­tant. Let’s get stuck in:

The of­fi­cial def­i­ni­tion of a re­ces­sion is “two con­sec­u­tive quar­ters of neg­a­tive growth in GDP”. What is really means is a slump in con­sumer de­mand lead­ing to slow­down of the man­u­fac­tur­ing sec­tor and a loss of jobs in man­u­fac­tur­ing and distri­bu­tion in­dus­tries. Since con­sumer de­mand t yp­i­cally pow­ers about

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