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Official economic data shows that a substantial number of nations were in recession as of early 2009. The US entered a recession at the end of 2007, [185] and 2008 saw many other nations follow suit. The US recession of 2007 ended in June 2009 [186] as the nation entered the current economic recovery.
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.
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%
A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Economic Recessions in the U.S. Recessions are a normal part of the business ...
In a V-shaped recession, the economy suffers a sharp but brief period of economic decline with a clearly defined trough, followed by a strong recovery. V-shapes are the normal shape for a recession, as the strength of the economic recovery is typically closely related to the severity of the preceding recession. [3]
Technically, a recession is defined by economists as two consecutive months of economic retraction. But on a real-world basis, a recession is a tangible economic slowdown, usually accompanied by ...
Economic depression; Growth recession; List of recessions in the United Kingdom; Lists of recessions; 0–9. 99ers; 1973–1975 recession; 2014 Brazilian economic ...
Unlike a feeling of being in a down economy, a recession is a significant decline in economic activity across the economy, lasting more than a few months. It is typically marked by a fall in GDP ...