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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%
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] Some economists described the post-recession years as the weakest recovery since the Great Depression and World War II.
American workers are feeling stuck as opportunities in the job market shrink. Workers are having a tougher time finding a new gig and are more hesitant to quit, labor experts told BI.
Financial risk factors that can cause a recession are plentiful: Besides credit risk like e.g. concentration risk, there is also market risk like e.g. systemic risk, liquidity risk like e.g. refinancing risk, investment risk like e.g. model risk, business risk like e.g. political risk as well as profit risk.
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
After expanding at a red-hot 4.9%, all signs point to further, albeit slower, growth for the U.S. economy in the election year.
Moreover, empirical studies using data from advanced countries show that excessive credit growth contributed greatly to the severity of the crisis. [308] US current account deficit. Additional downward pressure on interest rates was created by rising U.S. current account deficit, which peaked along with the housing bubble in 2006.
Most experts believe that a recession would cause gas prices to fall. However, because not all gas is produced domestically, external factors such as the Russian invasion of Ukraine may keep ...
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