The curve that predicts RECESSION
Recession — The dreaded word which has affected the human race numerous times in the past, is again expected to be around the corner. Less than 2 and a half years since the last recession ( due to the pandemic ), the US economy is looking at the abyss of the dreaded R- word again. Be it the great depression of the 1920s which was preceded by the World War 1, the numerous recessions in the later half of the 20th century which were fueled by the cold war and rising oil crisis, to the dot-com bubble ( and the 9–11 attacks ) at the turn of the century which brought an end to a decade of growth, to the Great recession in 2007–09 which led to the collapse of US housing bubble and finally the COVID-19 recession, each recession in the recent history has been succeeded by massive financial crises, inflation, rise in the unemployment rate and an overall contraction in the economy. But how is a recession defined? is it the fall in the domestic stock market, or a steep rise in unemploy...
