What is a recession? - I will do my best to quickly clarify, for those who are not clear. A recession is a contraction phase of the cycle. With the current economic crisis many people are probably wondering if this recession is going to end or not, what caused this to happen, and happen again. The truth is that we are experiencing the worst financial crisis since the Great Depression era. Our economy is in doldrums and this crisis is spreading throughout the world. Understanding what happens sometimes may appear to be too complicated. More Here..