Just like the human body the body polity or the country undergoes wear and tear followed by decay. Then out of the seed emerges a new chapter – akin to Nature renewing herself. Thus we have seen Economics admits that one upward cycle is followed by another. Regarding causes experts greatly differ about causes; the effects are there for all to see. Recession is said to be a decline in the GDP (Gross Domestic Product) of a country but when this happens for two or more consecutive quarters then it is termed recession. The exact definition differs from one school of economics to another.

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