Recession

Type: Concept

As of November 2026, Recession has been mentioned in 2 episodes across 2 podcasts, first heard May 2019 on WordToTheWise. Podcasts discuss recessions to highlight their impact on the economy and individual preparedness. In the GLOBAL NEWS PODCAST, Peter Schiff emphasizes that the current downturn is more severe and prolonged than anticipated, linking it to ongoing economic struggles since 2008. Jim Rohn, in a motivational context, suggests that recessions are a natural part of economic cycles, advising listeners to be ready for these inevitable downturns.

In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster. There is no official definition of a recession, according to the International Monetary F