Managing People During Recession-Some Challenges

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. It is a period of general economic decline; which is typically defined as a decline in GDP for two or more consecutive quarters. Recession as a business cycle is generally considered less severe than a depression, and if it continues long enough, then sometimes it is classified as a depression. It is typically accompanied by a drop in the stock market and has many attributes that can occur simultaneously which includes decline in consumption, investment, government spending etc.