With the current fiat based economy, no one can escape recession. The threat of recession has been constantly looming over the heads of major economic powers like the United States for over a decade now. Recession is caused by uncontrolled rise in deflation resulting from falling market demand. The fall in demand, if left unchecked can create a domino effect resulting in a massive decline in a nation’s GDP. The Great Recession of 2008-09 is one of the best examples of how a recession can affect not just the governments and big corporations, but individuals as well. Governments and Central banks frequently introduce measures to keep deflation in check by introducing various monetary policies, all part of the effort to prevent the economy from going to a recessionary spiral. The US Federal Reserve’s efforts to kick-start the country’s economy from the Great Recession and to prevent another recession continues even today. The US economy is under prolonged economic sickness for over a decade now. Even though it has been alleviated from most of the major symptoms, the signs of weakness are still visible. The latest report of US GDP clearly shows that the country’s economy is in a slowdown.
http://www.newsbtc.com/2016/01/30/economic-recession-interest-rates-and-digital-currency/
