How to Survive, Thrive, and Even Prosper During an Economic Downturn

摘要

As I write this, there is much talk in the news about another big recession that may or may not be happening. Fear mongers say "yes" and are predicting a big economic downturn. Truth is, if you were to speak to 100 economists, you'd get 100 different opinions on the matter. And what is a recession anyway? According to one definition I read, a recession is a prolonged period of time when a nation's economy slows down or contracts. Such a slow-down is characterized by a number of different trends, including: people buying less stuff, a decrease in factory production, growing unemployment, a slump in personal income, and an unhealthy stock market. According to this definition, a slowdown has to continue for at least six months to be considered a recession.