Write a 12 page essay on Economic recession.
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Generally, in any expanding and fast-growing economy, after an initial growth phase of six to ten years, it is followed by a slowdown or a recession for a minimum of six months to a maximum of two years. This is the normal cycle that any growing market follows in a normal and regular economy. The recession is an unfortunate occurrence and it still pretty fresh in the mind of the people all around the world. Unfortunately, mistakes of a similar nature were made time and again and this repeat performance has again resulted in a scary and terrifying financial crisis all over again.