Recession

A recession is when the economy hits a rough patch and starts shrinking instead of growing. It's  a big slowdown where businesses make less money, people lose jobs, and overall spending drops. Picture a time when your favorite local coffee shop has to cut back on hours because fewer people are coming in for their daily caffeine fix. That’s a sign of a recession; people are tightening their belts and spending less. Another example might be when car sales drop significantly because people are holding off on big purchases. During a recession, economic indicators like GDP fall for at least two consecutive quarters, signaling a period of reduced economic activity. It’s a tough time where everyone feels the pinch, and getting the economy back on track usually requires government intervention and strategic economic policies.