• Answer:-

    An extended recessionary period is indicative of prolonged economic downturn and stagnation. It reflects decreased consumer spending, high unemployment rates, and lower industrial production. Businesses struggle, investments dwindle, and confidence in the economy weakens. Prolonged recessions often lead to budget cuts, reduced government spending, and increased public debt. This scenario can strain public services and infrastructure. Additionally, it can cause significant social impacts, such as increased poverty and reduced quality of life. Overall, a lengthy recession signals a need for substantial economic intervention and reform to restore growth and stability.

Jul 08 2024

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