ECB, Fed moves show global shift away from cheap moneyTwo of the globe's most powerful central banks are gradually withdrawing the easy-money policies that helped repair the damage wrought by the Great Recession and push stock markets to record... (Date:06/15/2018 04:21) Read full article >>

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Recession: In economics, a recession is a business cycle contraction, It is a general slowdown in economic activity.Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate r
Great Recession: The Great Recession is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007 when BNP Paribas terminated withdrawals from th