UNDERSTANDING RECESSIONS 2023

In this video, we'll explore the complex concept of recessions and break it down into easy-to-understand terms. We'll discuss what a recession is, how it happens, and its impact on the economy. We'll also explore the factors that contribute to recessions, such as consumer spending, inflation, and interest rates. Additionally, we'll examine the different types of recessions and their characteristics. By the end of this video, you'll have a clear understanding of what a recession is, how it occurs, and the key factors that contribute to it. You'll also be better equipped to recognize the signs of a recession and understand its potential effects on the economy and society.