What are false statements about recessions?

False statements about recessions often include the belief that they are always caused by a decline in consumer spending, while other factors like investment slowdowns or external shocks can also play significant roles. Another misconception is that recessions are always short-lived; some can last for extended periods and lead to prolonged economic downturns. Additionally, it's incorrect to assume that only the Stock Market reflects the health of the economy, as recessions can impact various sectors differently.