Jhanvi Patel April 5, 2020 A recession is a business cycle contraction whereby there is a general decline in economic activity in a country or in the global economic system as a whole. Recessions are trying, difficult to navigate, and typically have far-reaching implications for the functioning of the world economy as a whole, affecting …
![](https://aurum.studentorg.berkeley.edu/wp-content/uploads/2020/03/lipstick.jpg)