With recession drums beating louder after 10 straight interest rate rises in Australia, it’s worth dusting off the recession playbook to ensure that investors’ portfolios can withstand the heat.
A recession is a period of temporary economic decline during which trade and industrial activity fall, generally identified by a fall in GDP in two successive quarters. Recessions are a normal part of the business cycle, but it is the depth of a recession that investors should consider most. A deep recession is normally characterised by high unemployment.
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Mark Draper is a financial adviser with GEM Capital Financial Advice.
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