Nasdaq hits record high as COVID-19 shutdown-induced U.S. recession becomes official

MacDailyNews
Jun 8, 2020, 6:26 pm584 pts
An economic recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse…

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