HOW LONG WILL THE RECESSION LAST?

A recession is a sign that an economy is in a bad way, but the good news is that recessions generally haven’t lasted very long in the past. It usually has a negative impact on people’s income levels as employers might cut their salaries or the number of hours they work. When people have less money, they tend to buy fewer things. A recession can also influence manufacturing volume. Since people are buying less, there isn’t as much of a need to produce and manufacturers often scale back during a recession. The world’s brightest minds are, however, putting their heads together to fix the current situation and make it better.