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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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The recession caused by the coronavirus is an example of a shock to the economic system. Recession vs. Depression There is no true economic marker that differentiates a recession from a depression.
The recession of 2020, was the shortest and steepest in U.S. history and marked the end of 128 months of expansion. Key Predictors, Indicators and Warning Signs.
The COVID-19 recession proved to be the shortest recession in US history but had the largest GDP decline since the 1945 recession. [19] The short-term economic effects of the COVID-19 pandemic included supply chain shortages, the collapse of many service and hospitality industries, and a dramatic rise in unemployment.
Recession indicators are flashing red, ... Sahm's rule is the perfect example of why there's rarely ever a clear read on economic data. It's a rather simple math equation: If the three-month ...
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; Panic of 1857, a U.S. recession with bank failures; Indian economic crash of 1865