Based on this the unemployment rate rose in US from 0. The loss of a job is known to have a negative impact on the stability of families, and individuals' health and well-being.
In other words, people would tend to spend more rather than save if they believe inflation is on the horizon. Oil may get cheaper brining down inflation. SlideShare Explore Search You.
In the United Kingdomrecessions are generally defined as two consecutive quarters of negative economic growth, as measured by the seasonal adjusted quarter-on-quarter figures for real GDP  with the same definition being used for all other member states of the European Union.
And thus, the cycle slowly starts again.
The IT sector will be the worst hit as 75 per cent of its revenues come from the US. One remedy to a liquidity trap is expanding the money supply via quantitative easing or other techniques in which money is effectively printed to purchase assets, thereby creating inflationary expectations that cause savers to begin spending again.