Going Into Recession
Australia going into recession
Submitted to
Submitted by Bhagwant Virk
What is recession?
Recession is a significant decline in economic activity mainly a decline in GDP of an economy for two or more successive years. Recession results in major sink in stock market, real income ,industrial production, employment opportunities and real estate.
What Causes recession?
1. Any economy typically goes to recession for six months extending to two years.
2. A recession normally takes place when consumers lose faith in the economy and expend less.
3. Desire for goods and services diminish which further leads to decrease in production.
4. Due to fear that stock values will drop, investors cut on their investments. …show more content…
1. Decline in GDP.
From the graph below, we can analyze that GDP growth rate in Australia has declined from 1.1 percent to 0.6 percent in December quarter of 2015.
Reference: Australian Bureau of Statistics. (Husna,
Submitted to
Submitted by Bhagwant Virk
What is recession?
Recession is a significant decline in economic activity mainly a decline in GDP of an economy for two or more successive years. Recession results in major sink in stock market, real income ,industrial production, employment opportunities and real estate.
What Causes recession?
1. Any economy typically goes to recession for six months extending to two years.
2. A recession normally takes place when consumers lose faith in the economy and expend less.
3. Desire for goods and services diminish which further leads to decrease in production.
4. Due to fear that stock values will drop, investors cut on their investments. …show more content…
1. Decline in GDP.
From the graph below, we can analyze that GDP growth rate in Australia has declined from 1.1 percent to 0.6 percent in December quarter of 2015.
Reference: Australian Bureau of Statistics. (Husna,