Recession 2022

   Recently the Federal Reserve raised the interest rates while the U.S. economy contracted continuously for two consecutive quarters. The economists are concerned about whether we are entering into a recession, as the U.S. economic output falls and the stock markets hit Red.  The U.S. has faced economic contraction in two consecutive quarters this year meeting one of the criteria of recession. This has led to debate topics all over the world regarding the health of the economy.  (https://www.mirchi9.com/politics/is-u-s-ready-for-a-2008-like-recession-in-2022/)  What is a Recession? Well, there is no precise definition for the recession. The task of identifying and reporting the recession is given to the National Bureau of Economic Research (NBER). NBER is a non-profit academic group consisting of a panel of economists. NBER defines the recession as an economic contraction starting at the peak of the expansion that preceded it and ending at the low point of the ...