- Covid-19 crisis have triggered our most recent recession in the 2019 to 2021.
- Great recession caused by the U.S. housing bubble in the 2007 to 2009.
“Are we in a recession now?”
Recession is when there is a significant decline in the economy for at least six month. Business starts to fail, people are making less, unemployment rate skyrockets, and people of all income level feel the impact of economic decline.
Most recent recession: