Recession Subject: Economy Context: JP Morgan Chase CEO Jamie Dimon and his Goldman Sachs counterpart David Solomon said a recession in the US and Europe is increasingly likely. Content Recession refers to a phase of the downturn in the economic cycle when there is a fall in the country’s GDP for some quarters. […]

Subject : Economics Context : July-Sept GDP to contract 8.6%, estimates RBI. However, RBI said the economy will break out of contraction of the six months gone by and return to positive growth in the October-December quarter of 2020-21. Concept : Recession refers to a phase of the downturn in the economic cycle when there […]

Subject: Economy Context: The UK economic output shrank by 20.4 per cent in the second quarter of 2020, pushing the country into the deepest recession recorded by any major global economy so far Concept: When the economy contracts for two quarters in a row (or six months), this change is classified as a recession. The term […]