CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -An economic slowdown, also known as a business slowdown, refers to a state where an economy experiences little growth (even no growth). This is primarily attributed to a decline in economic activity that occurs right after the peak. An economic slowdown is captured as a decline in the rate of growth.

Detailed explanation-2: -Economic recessions can be caused by many different elements, including loss of consumer confidence, high interest rates, a stock market crash, and asset bubbles bursting. Most events that will cause the economy to slow down can also lead to a recession if left unchecked.

Detailed explanation-3: -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. Many other indicators of economic activity are also weak during a recession.

Detailed explanation-4: -What Happens in a Recession? Economic output, employment, and consumer spending drop in a recession. Interest rates are also likely to decline as the central bank (such as the U.S. Federal Reserve Bank) cuts rates to support the economy.