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).

Daron Acemoglu, Simon Johnson and James Robinson have been awarded the 2024 Nobel memorial prize in economics for their influential work on how institutions shape economic development. Some would say ...

In the face of shrinking populations, many of the world's major economies are trying to engineer higher birth rates. Policymakers from South Korea, Japan and Italy, for example, have all adopted ...