Search results
Results from the WOW.Com Content Network
Tight monetary policy in the United States to control inflation led to another recession. The changes were made largely because of inflation carried over from the previous decade because of the 1973 oil crisis and the 1979 energy crisis. [68] [69] Early 1990s recession: July 1990 – March 1991 8 months 7 years 8 months 7.8% (June 1992) −1.4%
Healthcare costs in the United States slowed in the period after the Great Recession (2008–2012). A decrease in inflation and in the number of hospital stays per population drove a reduction in the rate of growth in aggregate hospital costs at this time. Growth slowed most for surgical stays and least for maternal and neonatal stays. [96]
December 1, 2008: United States; The US economy has been in recession since December 2007, the National Bureau of Economic Research announced in December 2008. The bureau is a private research institute widely regarded as the official arbiter of US economic cycles. It said a 73-month economic expansion had come to an end. [62]
Things might change (for the worse) in 2025, though. The Federal Reserve puts the probability of a recession in the next 12 months at 42%. That's not an overwhelmingly high percentage, but it's ...
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.
Most of the surveyed economists expect inflation to continue to slow in 2024, though many say it may not get all the way down to the Federal Reserve's target of 2% until the following year.
The Federal Reserve did what many thought it couldn’t achieve in 2024, and yet in one respect it still ended the year the way it started — worried about stubborn price pressures. The Fed ...
Dec 2024 128. TBD: TBD: The COVID-19 recession proved to be the shortest recession in US history but had the largest GDP decline since the 1945 recession. [19] The short-term economic effects of the COVID-19 pandemic included supply chain shortages, the collapse of many service and hospitality industries, and a dramatic rise in unemployment.