Risk Related Guides
Risks
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Recession risk is the potential for an economic contraction to impact your ability to meet your goals. A recession is often defined as an economic contraction that lasts two financial quarters or more. They can occur at the global, national or regional level. A recession typically causes economic disruption that impacts all businesses to one degree or another. In some cases, businesses selling inferior goods benefit from a recession.
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| Type | Risk | | Definition | The potential for a recession to impact your ability to meet business or financial goals. | | Examples | Credit contractions in a recession may make refinancing difficult.
Demand for products and services typically declines during a recession.A recession can result in excess capacity at factories or overstocked warehouses leading to discounting and price declines across an industry. | | Risk Treatments | AvoidReduceTransferAccept | | Related Concepts | Financial Risk |
Risks
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