Felix Oti's Blog – October 2016 Archive (1)

Economic Recession: Causes, Effects, and Possible Solutions

Economists generally believe that recessions occur due to a more than normal drop in spending by both the private and public sectors; some of the things that could cause this drop include financial crises, as was the case in 2008 when the world suffered the consequences of a global financial meltdown due, in part, by the burst of the US housing bubble; an external trade or adverse supply shock – for example, some OPEC member countries like Nigeria and Venezuela who were heavily impacted by…


Added by Felix Oti on October 18, 2016 at 10:15pm — No Comments

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