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Dubai Recession

Dubai Recession

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Published by Foram Chheda

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Published by: Foram Chheda on Jun 25, 2011
Copyright:Attribution Non-commercial

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06/25/2011

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 DUBAI RECESSION 
 
MEANING OF RECESSION
Aperiodof generaleconomicdecline
 
; typically definedas a decline inGDPfor two or more consecutivequarters. A recession is typically accompanied by adropin thestock market
 
, an increase inunemployment
 
, and adecline in thehousing market. A recession is generallyconsidered less severe than adepression
 
, and if arecession continues long enough it is often thenclassifiedas a depression. There is no one obvious cause of arecession, although overall blame generally falls on thefederalleadership
 
, often either thePresidenthimself, thehead of the FederalReserve, or the entireadministration.

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