What 3 things need to happen for a recession to occur?

For a recession to occur, typically three key conditions must be met: first, there must be a significant decline in economic activity across various sectors, often measured by a drop in GDP. Second, there is usually a rise in unemployment rates as businesses cut back on hiring or lay off workers due to decreased consumer demand. Lastly, consumer and business confidence must wane, leading to reduced spending and investment, which further exacerbates the economic downturn.