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, businesses often experience a decline in sales and profits, leading to potential job losses and reduced consumer spending.
Making money during a recession can be challenging, but there are strategies individuals and businesses can employ to navigate the economic downturn and potentially even thrive. Understanding the causes and potential impacts of a recession is crucial for developing effective strategies.
