While there is no one answer as to what causes a recession, economists generally agree it takes a significant event with notable economic repercussions daftar slot online. The causes can be domestic in nature or from decisions made in other countries that influence the U.S. economy. Examples include financial crises like the bursting of the housing or internet bubbles, each of which led to previous recessions. High interest rates, war and poor fiscal policies can also result in recessions. External factors play a role in starting a recession, such as the rising oil prices that led to a recession in the mid-1970s.
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With the government shutdown still ongoing, continued trade tensions with China and worries of a faltering housing market in sight, a recession could be triggered as a result of such uncertainty game judi slot. “I don’t think I’ve ever been this uncertain about my forecast,” Robert Fry, chief economist of Robert Fry Economics, recently told Newsweek. “The uncertainty stems from uncertainty about tariffs and about the response of nonresidential fixed investment to both tariffs and tax reform.”
Economists are the ones who technically determine when a recession has ended. Today, that responsibility falls to the NBER. The NBER takes several factors into consideration when determining when a recession ends, including GDP, employment rates and industrial production. Since June 2009, household income levels have risen to pre-recession levels and unemployment has fallen.
Even with these welcome economic trends, it never hurts to prepare for the worst.