What is a Recession? Precious Metal Investment – Pt.1LCR Coin
What Does It Mean? What’s the specific definition of the word “recession”? In terms of the economy, a recession is a marked, significant decline in activity that lasts longer than just a few months. Once a recession has taken hold, its effects are seen across a swathe of vital pillars that hold up an economic framework – employment, income, industrial production, and trade in wholesale and retail. Unfortunately, recession is a fairly normal, regular part of the overall business and economic cycle, although certain major events can trigger a sudden recession. This is one of the reasons for precious metal investment – the unpredictability of the economy.