Short answer
A recession is when the economy shrinks for two quarters in a row. People spend less, companies hire less.
Lesson · 2 min read · Ireland edition
What is a recession?
Written in plain English for readers in Ireland.
Why it matters
Markets often fall before a recession and recover before it ends. They look 6-12 months ahead.
A note for readers in Ireland
This lesson explains a global concept — the same idea applies to markets watched from Ireland as anywhere else. Local rules, accounts, taxes and product availability vary and change over time, so we deliberately don't cover them here.
Educational content only — not tax, legal or investment advice. Always confirm current rules with a qualified professional in Ireland.
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Same lesson, other markets
Educational content — not financial advice.