What are the signs of an economic recession?

What are the signs of an economic recession?

Some common signs of an economic recession include rising unemployment rates, declining consumer spending, and falling GDP.

How can I tell if a recession is coming?

You can look for indicators like a decrease in manufacturing output, a drop in stock market performance, and changes in consumer confidence.

What should I do to prepare for a recession?

To prepare, consider building an emergency fund, reducing debt, and diversifying your investments.

Are there any sectors that do well during a recession?

Yes, sectors like healthcare, utilities, and discount retailers often perform better during economic downturns.