Yahoo Finance published this video item, entitled “What is a recession and is the economy flashing red?: Yahoo U explains” – below is their description.
#recession #inflation #GDP #YahooFinance
Yahoo Finance anchor Brian Cheung explains what a recession is and looks at where the economy is headed.
Yahoo Finance YouTube Channel
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Brian Cheung is an on-air reporter covering the Federal Reserve, economics, and banking for Yahoo Finance. He previously wrote for S&P Global Market Intelligence and, prior to that, worked at the Federal Reserve.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
