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There are even more economic problems such as supply chain issues that are still resulting from the aftermath of the pandemic. Shoppers are noticing that grocery store shelves are not full, as there have been shortages of important merchandise such as baby formula and feminine care products. ....
One of the most popular definitions of recession was coined by economist Julius Shiskin in 1974. In his view, two consecutive economic quarters of negative gross domestic product (GDP) growth ....
The National Bureau of Economic Research (NBER) defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months." The decline would. ....