## Economic Downturn: What You Need to Know About Recession and Its Impact on Markets
**Recession in simple terms**
Recession is a period of economic downturn during which a country's gross domestic product (GDP) decreases for several consecutive quarters. During this time, people lose jobs, unemployment rises, and overall consumer spending falls. Companies face reduced profitability, difficulties in obtaining credit, and as a result, massive layoffs and even bankruptcies occur.
**What factors cause an economic crisis?**
Recession rarely comes without warning. The main triggers are the dec