By Andrew Moran August saw an unexpected rise in import prices, signaling that foreign companies chose not to lower their costs, according to new U.S. government data released on Sept. 16. According to the Bureau of Labor Statistics, import prices rose 0.3 percent last month from a 0.2 percent boost in July. This represented the […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
