Exam ICWIM Topic 1 Question 72 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 72
Topic #: 1
An economy with two consecutive quarters of negative growth is considered to be in what phase of an economic cycle?

Suggested Answer: A Vote an answer

* Definition of Recession:
* A recession is defined as two consecutive quarters of negative GDP growth, indicating a sustained economic downturn.
* It reflects reduced consumer spending, higher unemployment, and lower production.
* Elimination of Other Options:
* B (Slump): A slump is a more general term and not a specific phase.
* C (Depression): Refers to prolonged and severe economic downturns.
* D (Inflationary): Opposite of the scenario described.
References:
* ICWIM Module 1: Explanation of economic cycles and recession indicators.

by Honey at Nov 07, 2025, 03:31 AM

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