167. What is a Recession? (English Vocabulary Lesson)

<p><a href="https://www.patreon.com/thinkinginenglish"><u><strong>Support the Podcast and Join my Patreon HERE -- https://www.patreon.com/thinkinginenglish</strong></u></a></p> <p><br></p> <p><a href="https://anchor.fm/dashboard/episode/CLICK%20HERE%20TO%20DONATE%20OR%20SUPPORT%20TO%20PODCAST!!!!%20-%20https://thinkinginenglish.blog/donate-and-support/"><u><strong>CLICK HERE TO DONATE OR SUPPORT THE PODCAST!!!! - https://thinkinginenglish.blog/donate-and-support/</strong></u></a></p> <p><br></p> <p><br></p> <p><strong>Across the world, our economies are struggling with inflation, soaring energy prices, and the impact of Russia’s war in Ukraine! It is likely the many countries will enter a recession. But… what exactly is a recession? What causes recession? And how can we reverse a shrinking economy? Let’s answer these questions today, while learning some useful economic vocabulary!</strong></p> <p><br></p> <p><a href="https://thinkinginenglish.blog/2022/08/29/what-is-a-recession-english-vocabulary-lesson/" target="_blank"><strong>TRANSCRIPT - https://thinkinginenglish.blog/2022/08/29/what-is-a-recession-english-vocabulary-lesson/</strong></a></p> <p><br></p> <h3><strong>You may also like...</strong></h3> <p><br></p> <p><a href="http://thinkinginenglish.blog/2022/08/22/afghanistan-one-year-later-english-vocabulary-lesson/">166. Afghanistan: One Year Later! (English Vocabulary Lesson)</a></p> <p><a href="http://thinkinginenglish.blog/2022/08/17/why-is-ireland-divided/">165. Why is Ireland Divided? (English Vocabulary Lesson)</a></p> <p><a href="http://thinkinginenglish.blog/2022/08/08/164-what-is-happening-in-taiwan-english-vocabulary-lesson/">164. What is Happening in Taiwan? (English Vocabulary Lesson)</a></p> <p><a href="http://thinkinginenglish.blog/2022/08/03/are-dress-codes-a-good-thing/">163. Are Dress Codes a Good Thing? (English Vocabulary Lesson)</a></p> <p><br></p> <p><br></p> <p>INSTAGRAM - <a href="https://anchor.fm/dashboard/episode/e1fuqul"><u>thinkinginenglishpodcast (https://www.instagram.com/thinkinginenglishpodcast/) </u></a></p> <p><a href="https://thinkinginenglish.blog/"><u>Blog - thinkinginenglish.blog</u></a></p> <p><br></p> <h2>Vocabulary List</h2> <p><br></p> <p><br></p> <p><strong>Market (n) – is the business or trade in a particular type of goods or services</strong></p> <p><em>The job market is strong right now</em></p> <p><br></p> <p><strong>To shrink (v) – to become smaller, or to make something smaller</strong></p> <p><em>The company’s profits have shrunk from $10 million dollars last year, to just $2 million this year</em></p> <p><br></p> <p><strong>Decline (n) – when something becomes less in amount, importance, quality, or strength</strong></p> <p><em>There is a decline in the number of unemployed people this month</em></p> <p><br></p> <p><strong>Quarter (n) – one of four periods of time into which a year is divided for financial calculations</strong></p> <p><em>I pay my rent every quarter</em></p> <p><br></p> <p><strong>Holistic (adj) – dealing with or treating the whole of something or someone and not just a part</strong></p> <p><em>My doctor takes a holistic approach to disease</em></p> <p><br></p> <p><strong>Bubble (n) – a temporary period of very successful economic performance in a particular country or sector, often followed by sudden failure</strong></p> <p><em>There are worries that the current housing bubble may soon burst</em></p> <p><br></p> <p><strong>Inflation (n) – a general, continuous increase in prices</strong></p> <p><em>Inflation in the UK has now reached 10%</em></p> <p><br></p> <p><strong>Deficit (n) – the total amount by which money spent is more than money received</strong></p> <p><em>The country’s deficit is around $500 million</em></p> --- Support this podcast: <a href="https://podcasters.spotify.com/pod/show/thinking-english/support" rel="payment">https://podcasters.spotify.com/pod/show/

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