2min chapter

Masters in Business cover image

At the Money: Forecasting Recessions with Claudia Sahm

Masters in Business

CHAPTER

Understanding Recessions and Their Impact on the Economy

This chapter explores the fundamental aspects of a recession and its repercussions on the economy, emphasizing that recessions are comprehensive declines in economic activity that have wide-ranging effects. It draws parallels between past recessions, such as the 2008 global financial crisis and the bursting of the dot-com bubble in 2001, to illustrate the varying durations and severity of downturns.

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