Posts tagged ‘recession definition economics’

How to Survive an Economic Recession (Episode 32)

Published: August 14, 2020 | Personal Finance, Podcast | 1 Comment

Listen to Episode 32: on Spotify on Apple Podcasts on Google Podcasts Summary of Episode 32: What is GDP? What is a recession in layman’s terms? (1:08) How does an economic recession affect ordinary citizens? (3:10) Mentioned podcast episode: How to Cope with Losing Your Job (Episode 21) Invest and trade global markets: Sign up […]

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Recession vs Depression: A Primer on the Economic/Business Cycle

Published: August 10, 2020 | Business, General Information, Investing, Personal Finance | 1 Comment

The economy of the country shrank by 0.7% in the first quarter of 2020. And recently, the GDP numbers for the second quarter show that we experienced a massive 16.5% contraction. When the economy shrinks for two consecutive quarters, it’s called a recession. And thus, the Philippines is now officially in a recession. And in […]

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