Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic phenomenon
|
| gptkbp:affects |
Businesses
Financial markets Government budgets Households |
| gptkbp:cause |
Government intervention
Asset price declines Business closures Deflation External shocks Falling consumer confidence Financial crisis High inflation Increased bankruptcies Increased government debt Job losses Lower consumer confidence Lower interest rates Lower investment Poverty increase Reduced tax revenues Social unrest Tight monetary policy |
| gptkbp:characterizedBy |
Decline in GDP
Decrease in industrial production Reduction in consumer spending Rising unemployment |
| gptkbp:definedIn |
A significant decline in economic activity spread across the economy, lasting more than a few months
|
| https://www.w3.org/2000/01/rdf-schema#label |
Recession
|
| gptkbp:measures |
Negative GDP growth for two consecutive quarters
|
| gptkbp:mitigatedBy |
Fiscal stimulus
Government spending Monetary easing Tax cuts |
| gptkbp:monitors |
gptkb:International_Monetary_Fund
gptkb:World_Bank gptkb:National_Bureau_of_Economic_Research Central banks |
| gptkbp:notableExample |
gptkb:Great_Depression
gptkb:COVID-19_recession gptkb:Early_1980s_recession gptkb:Early_1990s_recession gptkb:Great_Recession |
| gptkbp:opposedBy |
Economic expansion
|
| gptkbp:relatedTo |
Business cycle
Depression Stagflation |
| gptkbp:studiedIn |
gptkb:Macroeconomics
|
| gptkbp:bfsParent |
gptkb:Britten's_A_Ceremony_of_Carols
|
| gptkbp:bfsLayer |
5
|