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).

Whenever the economy is in turmoil, you’ll hear the terms “recession” and “depression” tossed around. Check Out: 5 Subtly Genius Moves All Wealthy People Make With Their Money Is there a real ...

A recent study published in Psychological Science suggests that local shifts in the gap between the rich and the poor do not ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

President Trump's new tariffs on Canada, Mexico and China have unsettled both domestic and international markets, concerning investors and manufacturers. This emerging global trade war has raised ...