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The average duration of the 11 recessions between 1945 and 2001 is 10 months, compared to 18 months for recessions between 1919 and 1945, and 22 months for recessions from 1854 to 1919. [6] Because of the great changes in the economy over the centuries, it is difficult to compare the severity of modern recessions to early recessions. [7]
(April 2010) (Learn how and when to remove this message) The following articles contain lists of recessions: List of recessions in the United Kingdom;
What growth occurred was unevenly distributed; roughly half of GDP growth from 2009 to 2015 went to the top 1% of households. [16] Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018.
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List of recessions in the United States; 0–9. 1973–1975 recession; C. Copper Panic of 1789; COVID-19 recession; D. ... This page was last edited on 18 July 2018, ...
An economic recession sends ripple effects across the economy. Although everyone feels the effects, most can only wait for sunnier economic times to appear. Knowing how long a recession can last ...
Full-time employment did not regain its pre-crisis level until August 2015. [51] The unemployment rate ("U-3") rose from the pre-recession level of 4.7% in November 2008 to a peak of 10.0% in October 2009, before steadily falling back to the pre-recession level by May 2016.
Inflation soared to a four-decade high above 9% in June of 2022, but it has since retreated to a much milder 3.7%. Still, historically, the U.S. economy hasn’t managed spikes in inflation very well.