麦肯锡：2025年什么是经济衰退？衰退是经济周期中涉及经济收缩的部分报告（英文版）

much about recessions is shrouded in mystery. But there are a few things we know. According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors. But to repurpose Tolstoy’s famous quip about unhappy families, each recession is unhappy in its own way—as we’ll see in three case studies highlighted below.

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