A recession is a sustained economic decline. An economy is usually regarded to be in a recession if it experiences a decline in GDP for two consecutive quarters.
Recession

An economy that is in a recession is a shrinking economy.
Recessions are usually accompanied by a decrease in production, a general fall in household income and an increase [...]

A country’s gross domestic product (GDP) is the total value of all ‘final’ goods and services, that were produced within the borders of the country, during a year.
Gross domestic product

The equation used to calculate a nation’s gross domestic product is:
GDP =
consumption + gross investment + government spending + (exports − imports)
Gross domestic product is a [...]

A company’s market capitalization (also referred to as “mkt cap”, “market cap” or “capitalized value”) is the total market value of a company. A company’s market capitalization is obtained by multiplying the current share price by the total number of shares that were issued.
Market capitalization

A company’s market capitalization is a public opinion of what the [...]

An entity’s working capital (also called “net current assets”) is the the total current assets less the total current liabilities of that entity.
Working capital

An entity (company, person, NGO, etc.) can have many assets and even be profitable, but be brought to its knees because it does not have sufficient working capital.
Managing an entity’s working capital [...]

A liability is a debt. An entity that has a liability has an obligation to pay its debt in some or another way. Liabilities take away from the net worth of an entity, in the same way that assets add to it.
Liability

Examples of liabilities include credit card debt, personal loans, mortgages, IOUs and income tax [...]

An asset is something that has value and is owned by an entity. Assets add to the net worth of the entity that owns it. The entity that owns an asset can be a person, a company, or any other type of organization.
Asset

Examples of assets are cars, buildings, land, machines, equipment, cash and moneys owed [...]

An entity’s net worth (also referred to as “net asset value” or “NAV”) is the value of the entity’s assets minus the value of its liabilities.Net worth = total assets – total liabilities.
Net worth

The net worth of any entity (a business, a NGO, a person, or any other legal entity), is the amount of money [...]

The South African Reserve Bank (SARB) is the central bank of South Africa. The SARB regulates the amount of money available (money supply) in South Africa. It has the right to create money and to set the repo rate, which effectively allows it to control the availability of credit in South Africa.
South African Reserve Bank

The [...]

The repo rate (repurchase rate) is the interest rate at which commercial banks can borrow money from the Reserve Bank.
Repo rate

South African banks in the private sector, like ABSA, Standard Bank, FNB and Nedbank, can borrow money from the South African Reserve Bank (SARB).
The repo rate is the interest rate SARB charges the commercial banks [...]

The prime interest rate, prime lending rate, or prime overdraft rate, is a reference interest rate commercial banks use when issuing variable interest rate loans to their customers.
Prime interest rate

When you borrow money from a bank, the interest rate that you will be charged by the bank, is usually specified in terms of the prime [...]