Recession: Case Study

Download the dataset below to solve this Data Science case study on Recession.

Recession: Case Study

Recessions are periods of economic contraction having a significant impact on various industries. Typically, a recession is characterized by a significant decline in the gross domestic product (GDP) over a time period, leading to widespread unemployment, loss of income, and reduced business activity.

Here is a dataset of the monthly GDP of the United Kingdom from 2020 to 2022. Below are all the features in the dataset:

  1. Time Period: Monthly time period
  2. GDP Growth: The growth rate of GDP every month

As every decline in the GDP growth rate is not a recession, your task is to identify the months in which the UK faced a recession between 2020-2022.

References to Solve this Data Science Case Study