Welcome to Banning. California. The City of Banning is strategically located astride Interstate 10 in the San Gorgonio Pass. The City, incorporated in 1913, has a rich and colorful history. Initially, Banning served as a stagecoach and railroad stop between the Arizona territories and Los Angeles.
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market.
The economic business cycle (first meaning above) can impact stages of the company business cycle (second meaning).Birth and Growth stages tend to accelerate during economic recovery and expansion, of course. Company Decline and Demise occur faster during economic recession and depression.