How recession could affect consumption?

Economics
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How recession could affect consumption?

Dec 15th, 2015

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During a recession, people are afraid of being laid off, so they tend to save money rather than spend on consumption. The fear of being unemployed causes a fall in consumption and worsens the recession. Despite the fall in interest rates to borrow loan from banks people rarely borrows money because they expect that if they are out of a job they won't have a means to repay the loan

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Dec 15th, 2015

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Dec 15th, 2015
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Dec 15th, 2015
Dec 5th, 2016
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