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1995–2000 is also remembered for a series of global economic financial crises that threatened the U.S. economy: Mexico in 1995, Asia in 1997, Russia in 1998, and Argentina in 1999. Despite occasional stock market downturns and some distortions in the trade deficit, the US economy remained resilient until the dot-com bubble peaked in March ...
The economy returned to 1980s level growth by 1993, fueled by the desktop computer productivity boom, low interest rates, low energy prices, and a resurgent housing market. Strong growth resumed and lasted through the year 2000. Although relatively mild, the early 1990s recession was the only interruption to economic expansion during the 1990s.
The United States exited recession in late 1949, and another robust expansion began. This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 ...
Think back to the evening of Sept. 10, 2001: It's been 10 years, and in some ways, it's as if nothing has changed. That Monday night, the United States was coming off a recession stemming from a ...
The Fed is following a 30-year-old playbook with its interest rate moves — and that's good news for the US economy, according to TS Lombard. The firm pointed to the central bank's 50 basis point ...
Canada's economy is considered to have been in recession for two full years in the early 1990s, specifically from April 1990 to April 1992. [7] [8] [a] Canada's recession began about four months before that of the US, and was deeper, likely because of higher inflationary pressures in Canada, which prompted the Bank of Canada to raise interest rates to levels 5 to 6 percentage points higher ...
The result in the Soviet Union was a dual approach of concessions to the United States and economic restructuring (perestroika) and democratization domestically, which eventually made it impossible for Gorbachev to reassert central control. Reaganite hawks have since argued that pressures stemming from increased U.S. defense spending was an ...
The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, below the 2.9% growth ...