Business
Commercial aviation is critical to the global economy. In 2019, it supported more than 65 million jobs and had a global economic impact of US$2.7 trillion. The COVID-19 pandemic has been unlike any crisis, both in terms of ...
Jul 1, 2022
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Business
Ride-hailing giant Uber is not planning any company-wide layoffs, the US firm's boss said Thursday, bucking the downsizing trend in the tech sector.
Jan 19, 2023
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5
Business
Amazon is implementing a hiring freeze on the corporate side of its retail business for the rest of the year, according to a New York Times report, becoming the latest company to pause hiring plans amid growing concerns about ...
Oct 5, 2022
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35
Business
The tech industry has been rocked by recent economic woes. While once thought of as close to recession proof, companies from Netflix to Meta are suddenly experiencing serious financial setbacks. As the Washington Post reported ...
Aug 2, 2022
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20
Business
Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions.
Dec 6, 2022
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In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
This text uses material from Wikipedia, licensed under CC BY-SA
