A recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. During a recession, many people lose their jobs, and businesses may struggle to stay afloat. As a result, it is important to know how to make money during a recession.
There are a number of ways to make money during a recession. One option is to start a business. This can be a risky venture, but it can also be very rewarding. If you have a good idea for a business, and you are willing to put in the hard work, you could potentially make a lot of money. Another option is to invest in real estate. Real estate prices often fall during a recession, so this can be a good time to buy. If you can find a good deal on a property, you could potentially make a lot of money when the economy recovers.