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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%
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]
The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession that is defined by "a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales"). [3]
Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. But with optimism running high, could markets be misreading ...
Recession indicators are flashing red, but economists argue they could be false signals this economic cycle, revealing a broader truth about the recession predicting business itself. Recession ...
"When we think of a mild recession I think the best example is probably what happened in 2021, maybe a 2 percentage point increase in the unemployment rate, a couple of quarters of weak GDP growth ...
The International Monetary Fund defines a global recession as "a decline in annual per‑capita real World GDP (purchasing power parity weighted), backed up by a decline or worsening for one or more of the seven other global macroeconomic indicators: Industrial production, trade, capital flows, oil consumption, unemployment rate, per‑capita investment, and per‑capita consumption".
A recession is a period of significant, lasting decline in the economy, while a depression is more sustained and severe and has a more widespread impact. Here’s some more information on recessions.