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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.
A recent report from Pew said: "State budgets are expected to shrink substantially in fiscal year 2025 as the post-pandemic era of surging revenue, record spending, and historic tax cuts comes to ...
Economic growth, meanwhile, appears to have slowed in recent years. GDP is expected to grow 2.3% this quarter, according to the Atlanta Fed's latest GDPNow reading, down from a peak of 4.4% in the ...
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 ...
The most recent recession to affect the United Kingdom was the 2020 recession [180] attributed to the COVID-19 global pandemic, the first recession since the Great Recession. United States [ edit ]
Tariff fears and soft economic data have traders debating whether a recession is on the horizon. ... Recent data from the Atlanta Fed suggests an economic contraction is in the cards for the first ...
Recovery from the recession began relatively quickly, with the recession only lasting one quarter according to the NBER. As of 2022, the unemployment rate reached its pre-pandemic levels - nevertheless, in many key aspects and industries, the U.S. economy has not completely recovered from the COVID-19 pandemic.
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