What is a recession CNBC Explains

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While there is no universally accepted definition of a recession, the term generally describes a temporary decline in economic activity. So what do recessions have in common, and what causes them? CNBC's Tom Chitty explains. • ----- • Subscribe to us on YouTube: http://cnb.cx/2wuoARM • Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz • Like our Facebook page: •   / cnbcinternational   • Follow us on Instagram: •   / cnbcinternational   • Follow us on Twitter: •   / cnbci  

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