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For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.
The latest data cheered Wall Street and helped boost the S&P 500 by more than 2%. Economists and investors, meanwhile, are focused on the Federal Reserve's next rate decision meeting on September 18.
The long-rumored recession has been postponed – or perhaps canceled altogether. The soft-landing vibes are real. Inflation is cooling. The economy is growing at a shockingly strong pace.
The above-expected growth projections have helped quell recession fears that percolated in early August after the unemployment rate unexpectedly rose to 4.3%, triggering a commonly followed ...
The most recent recession to affect the United Kingdom was the 2020 recession [179] attributed to the COVID-19 global pandemic, the first recession since the Great Recession. United States [ edit ]
Sky high inflation. Rising interest rates. Falling home purchases. Analysts are working to digest a host of signals about the state of the U.S. economy, which emerged from a pandemic recession ...
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
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%
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related to: recent articles on recession