Recent headlines and newsbites about a potential recession on the horizon may have you spooked. In fact, an analysis by J.P. Morgan published this month puts the chance of a recession landing by the end of this year at 60 percent.
What exactly is a recession? There’s no universally recognized definition, but it’s often referred to as a prolonged period of economic decline characterized by a drop in gross domestic product (GDP), a hike in unemployment, and poor stock market performance.
