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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%
Recession Period. Start. End. Time Elapsed Total. The Great Depression–Late ’20’s and Early ’30’s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 ...
The United States exited recession in late 1949, and another robust expansion began. This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 ...
Sahm Recession Indicator signals the start of a recession when the three-month moving average of the national unemployment rate (U3) rises by 0.50 percentage points or more relative to its low during the previous 12 months. [145]
A new indicator says there's a 40% chance the US is in a recession that started as early as March. The measure builds on the Sahm rule, using job-vacancy data in addition to unemployment data.
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 ...
Taiwan's economy exits from the recession with 9.22% growth in the last quarter of 2009 after increased demand from China and other key markets in the region. [113] February 24, 2010: Eurozone; Europe risks a double-dip recession after bad results emerged from France, Germany and Italy. The Eurozone only grew by 0.1% in the last quarter of 2009 ...
The National Bureau of Economic Research (NBER)'s Business Cycle Dating Committee, a group of professors that officially decides the beginning and end of recessions, says it's not yet ready to ...