What is a recession? | CNBC Explains

While there is no universally accepted definition of a recession, the term generally describes a temporary decline in economic activity. So what do recessions have in common, and what causes them? CNBC's Tom Chitty explains.

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[eklim]

Recession is when my neighbour is jobless

Depression is when I am jobless

[Dann-mdeq]

Sept 2019: "Some people are afraid that the downturn is just around the corner. "

6 months later...

[saltymonke]

Recession aka Warren Buffett shopping spree

[av]

2008 recession : No one predicted.
2020 recession : everybody waiting to happen ..

[andrewcheon]

I have much better understanding of a recession after watching this video than having spent 4 years in college majoring in Economics...

[alicemendoza]

The vast majority of those employing these tactics are reaping substantial profits; certainly, the dangers are greater, but isn't the ongoing business sector not also risky? Rather than long-term trading, it appears that temporary trading is the preferred approach for handling this downturn and high expansion.

[signaturespecialist]

Best time to start a business is in a recession: Microsoft, Disney

[streamyoutub]

It's so fascinating to watch this in 2022 looking back at 2019 things seemed so normal. Then, when Tom the reporter says, "We're living in a new Era of uncertainty." Little did we all know what was lying ahead of us. Lol

[flemmingbrooke]

started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.

[dogan]

Recession is when I don't have cash in my pocket.. thanks..

[AmirBecha]

Here i am in 2022 watching this while the global economy is going towards a recession

[SuperRjBrown]

"Covid19 has entered the conversation"

[joydeepsaha]

very well explained! You actually made sense compared to other videos.

[_yatab_]

This video is well put together. The explanation is well broken down.

[DarkFe]

Why does the media report so much content about a recession? It is as if they want to have a recession

[chrissalley]

It will start as a recession and go into a depression. Interest rates are already extremely low around the world. The whole world cant sustain that. This will go on for a few years once it starts

[Vikash_Singh]

Nice explanation and that deglobalisation stuff, I didn't expect you guys would touch upon that. Good work!

[JAY_]

Anyone look this up because off the carona virus

[vasiovasio]

Great video Tom - objective and without bullshits! Keep going!

[XOXOlove]

Recession has OFFICIALLY started. Corona virus was the straw that broke the camels back smh