A contraction is the phase of the business cycle when the economy declines, often with falling real GDP and rising unemployment, moving from peak toward trough (expansion, peak, contraction, trough).

Michael Daniels will now be tasked with boosting Chicopee’s economic development after recently being named the city’s director of the department.

A global study led by a researcher at Columbia University Mailman School of Public Health and published in the journal Scientific Reports finds that economic inequality on a social level cannot be ...

An economic downturn or recession begins when the economy experiences a significant decline in typical activity, such as employment, production, income and a few other signs, according to the National ...

For one day only, Americans are being urged not to make purchases from big companies, resist the temptations of fast food, and avoid filling stations. Like a polar opposite of Black Friday – ...

An agreement on the Johor-Singapore Special Economic Zone (JS-SEZ) was announced in early January, after several months of negotiations. The project encompasses a large part of the southern Malaysian ...

Some may recognize the above quote from Sally Field's Oscar acceptance speech in 1985 (which differs somewhat from the apocryphal but far more recognized "you really, really like me" version that's ...