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The 1948 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes. [62] The recession also followed a period of monetary tightening. [40] Recession of 1953: July 1953 – May 1954 10 months 3 years 9 months 6.1% (September 1954) −2.6%
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. [1] [2] ... For example, if ...
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Recession Period. Start. End. Total Time Elapsed. The Great Depression–Late ’20s and Early ’30s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis
For comparison, the severe 1981-82 recession had a jobs decline of 3.2%. [49] Full-time employment did not regain its pre-crisis level until August 2015. [51] The unemployment rate ("U-3") rose from the pre-recession level of 4.7% in November 2008 to a peak of 10.0% in October 2009, before steadily falling back to the pre-recession level by May ...
For example, if you’re not a stock market investor, ... While a recession is generally viewed as a bad thing, there are businesses, industries and individuals that all benefit from economic ...
An example of a V-shaped recession is the Recession of 1953 in the United States. In the early 1950s, the economy in the United States was growing, but because the Federal Reserve expected inflation it raised interest rates, tipping the economy into recession.
Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England Panic of 1837 , a U.S. recession with bank failures, followed by a 5-year depression Panic of 1847 , started as a collapse of British financial markets associated with the end of the 1840s railway industry boom