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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 UK entered a technical recession in the final six months of 2023. [211] [212] Germany's inflation rate reached 11.7% in October 2022, the highest level since 1951. [213] In 2023, Germany fell into recession from January to March due to persistent inflation. [214] In France, inflation reached 5.8% in May, the highest in more than three ...
For comparison, the severe 1981-82 recession had a jobs decline of 3.2%. [49] 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 ...
Families are more likely to feel like the economy is in a recession. Two-thirds of parents with children younger than 18 (66%) feel the economy is in a recession, versus 54% of adults with no ...
So I think, with the Sahm Rule, right now, the volume is probably turned up a little too loud,” she said. “Certainly, when I make a call on the economy—where it is, where it’s headed—I ...
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
So, I don't think the U.S. economy's in recession right now." Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022.
Though no one knew they were in it at the time, the Great Recession had a significant economic and political impact on the United States. While the recession technically lasted from December 2007 – June 2009 (the nominal GDP trough), many important economic variables did not regain pre-recession (November or Q4 2007) levels until 2011–2016.