Recession is related to business. When businesses all over the country are not doing well moderately, there is said to be recession. It affects the people attached to a business, like workers, bankers, labourers, etc. The bad effects of recession are: people lose their jobs, shops are shut down, sales of things also go down, banks face losses and the entire economy of a country suffers. This is a common occurrence in the business world. Businesses flourish and businesses go into loss, periodically.
What is Recession?
