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1845–late 1846 recession — ~1 year ~2 years −5.9% — This recession was mild enough that it may have only been a slowdown in the growth cycle. One theory holds that this would have been a recession, except the United States began to gear up for the Mexican–American War, which began April 25, 1846. [16] 1847–1848 recession late 1847 ...
The most difficult years were 2000–2001, precipitating the worst years of the American recession. The European Union introduced a new currency on January 1, 1999. The euro , which was met with much anticipation, had its value immediately plummet, and it continued to be a weak currency throughout 2000 and 2001.
Blinder and Watson estimated that the economy was in recession for 49 quarters from 1949–2013; 8 of these quarters were under Democrats, with 41 under Republicans. [1] The 2020 recession brings that to 50 quarters total in recession, 42 under Republicans (84%) and 8 under Democrats (16%). [27]
Early 2000s recession. Dot-com bubble (2000–2002) (US) 2001 Turkish economic crisis; September 11 attacks (2001) 2002 Uruguay banking crisis; 2002–2003 Venezuelan general strike; 2006–2012 New Zealand finance company collapses; 2008 financial crisis; Great Recession (worldwide) 2000s energy crisis (2003–2009) oil price bubble
The Federal Reserve Bank of New York regularly attempts to calculate the probability of a U.S. recession over the next 12 months using the difference between the 10-year and three-month Treasury ...
2000–2003: Early 2000s recession (exact time varies by country). 2001–2005: United States housing bubble (part of the world housing bubble). 2001: US Federal Reserve lowers Federal funds rate eleven times, from 6.5% to 1.75%. [40] 2002–2003: Mortgage denial rate of 14 percent for conventional home purchase loans, half of 1997. [24]
With the start of another new year, many economists, businesses, and especially the everyday person like yourself may be wondering, "Will there be a recession in 2024?" While that may be hard to...
For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.