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Season 6: Episode 38 - 7 Ways to Come up During a Recession
Manage episode 347336536 series 2792703
Το περιεχόμενο παρέχεται από το Money Sex Gen X - Podcast. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Money Sex Gen X - Podcast ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Are we currently in a recession? Are you thriving or just surviving?
A recession can be defined as a sustained period of weak or negative growth in real GDP (output) that is accompanied by a significant rise in the unemployment rate.
Gross domestic product is a monetary measure of the market value of all the final goods and services produced and sold in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator.
During a recession, unemployment rates go up because companies start cutting their workforce in order to handle the challenges of decreased spending from consumers. The employment market turns bleak — there's less hiring, more layoffs and fewer financial incentives offered to current employees, like bonuses and raises.
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Subscribe to us on YouTube at https://www.youtube.com/channel/UC8ZPj-9gwrEMiNpglZnzayw
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