RECESSION

PRESENTED BY:
KARLA JANE L. EDEP
 EXECUTIVE
SUMMARY
Since the end of the Second World War, the
Philippine economy has had a mixed history of
growth and development. Over the years, the
Philippines has gone from being one of the
richest countries in Asia (following Japan) to
being one of the poorest.
A recession, therefore, should not be thought
of as a one-time event that stresses individuals
and families for a couple of years. Rather,
economic downturns will impact the future
prospects of all family members, including
children, and will have consequences for years
to come.
 INTRODUCTION STATEMENT
A recession is a macroeconomic term that
refers to a significant decline in general
economic activity in a designated region. It is
typically recognized after two
consecutive quarters of economic decline.

Recessions are visible in industrial production,

employment, real income, and wholesale-retail
trade. 
 OBJECTIVES

1. Why recession occurs.

2. What happens during a recession.

3. What are the factors that affects

recession.
METHODS OF DATA COLLECTION

Qualitative method – Is a type of social

science research that collects and works
with non-numerical data and that seeks to
interpret meaning from these data that help
understand social life
 ANALYSIS OF FINDINGS

1. Recessions occurs when there is

widespread drop in spending . This may
be triggered by financial crisis, an
external trade shock, an adverse supply
shock or the bursting of an economic
bubble.
 ANALYSIS OF FINDINGS
2. During recession:

Higher unemployment rates

Lower wages and incomes

Higher interests rates

Shortage of finance
 ANALYSIS OF FINDINGS
3. Factors that affects recession:

High interest rates 

 Inflation

 Reduced consumer confidence

 Reduced real wages

 CONCLUSION

Economic recession is a great disaster in

any country. It will cause many
companies to face closure, the rise of
unemployment and slow economic
growth. It will be short or long term but
will definitely affects everyone.
 RECOMMENDATION

Surviving a recession can be easy if

everyone has its own emergency funds.
This will help everyone to survive until
economy back to its shape. Reduces
expenses also helps survive recession.
The less expenses you have the more
money you can save.
 REFERENCES

• https://www.historycentral.com/nationb
ynation/Philippines/Economy.html
• https://www.epi.org/publication/bp243/
• https://study.com/academy/lesson/what-
is-economic-recession-definition-cause
s-effects.html