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  2. Recession - Wikipedia

    en.wikipedia.org/wiki/Recession

    There is no official definition of a recession, according to the IMF. [3] In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."

  3. Julius Shiskin - Wikipedia

    en.wikipedia.org/wiki/Julius_Shiskin

    Many people use a much simpler definition—a two‐quarter decline in real [GDP]. While this definition is simplistic, it has worked quite well in the past. Many have since maintained that this two-quarter rule-of-thumb is the official definition of a recession in the United States.

  4. List of recessions in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_recessions_in_the...

    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%

  5. Recessions Explained: Definition, Warning Signs and What ...

    www.aol.com/finance/recessions-explained...

    The Great Recession–aka The 2008 Financial Crisis. December 2007. June 2009. 1 year, 6 months. The Early ’80s Recession. July 1981. November 1982. 1 year, 4 months. The Mid-’70s Recession ...

  6. Recessions Explained: Definition, Warning Signs and What ...

    www.aol.com/finance/recessions-explained...

    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.

  7. One chart shows why an official recession call isn't ... - AOL

    www.aol.com/finance/recession-one-chart-shows...

    The NBER officially calls U.S. recessions, and data from Bank of America shows why this group won't be in a rush to declare the U.S. economy in recession.

  8. National Bureau of Economic Research - Wikipedia

    en.wikipedia.org/wiki/National_Bureau_of...

    A definition of a recession commonly used in the media is two consecutive quarters of a shrinking gross domestic product (GDP). In contrast, the NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial ...

  9. NC economist explains when we’ll know the recession is here ...

    www.aol.com/news/recession-explained-one...

    The term recession is being thrown around a lot. Here are the basics.