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The 1990s were the longest period of economic growth in American history up to that point. The collapse of the speculative dot-com bubble, a fall in business outlays and investments, and the September 11th attacks, [73] brought the decade of growth to an end. Despite these major shocks, the recession was brief and shallow. [74] Great Recession
The latter half of the period saw the rise of the dot-com bubble, as personal computers and internet access became widely available. Eager to profit from these new technologies and fueled by low interest rates and a 1997 tax cut on capital gains, investors drove stock valuations to record highs. In a move to protect the broader economy from the ...
The following articles contain lists of recessions: List of recessions in the United Kingdom; List of recessions in the United States
A recession is a period of two quarters of negative GDP growth. The countries listed are those that officially announced that they were in recession. It is worth noting that some developed countries such as South Korea and Australia did not enter recession (indeed Australia contracted for the last quarter of 2008 only to grow 1% for the first half of 2009).
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
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In the U.S., since 1854, when short-term interest rates have risen by 2.5 percentage points over a 24-month period, there has been a recession within three years around 69% of the time, according ...
It has been flashing for about 20 months, and the continued absence of a recession in that time has raised doubts about its accuracy. But Harvey said the lead time has historically ranged from six ...