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In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. [1] [2] ... For example, if ...
This recession was one of the main causes of the American Civil War, which would begin in 1861 and end in 1865. This is the earliest recession to which the NBER assigns specific months (rather than years) for the peak and trough. [6] [8] [21] 1860–1861 recession October 1860 – June 1861 8 months 1 year 10 months −14.5% —
The recession caused by the coronavirus is an example of a shock to the economic system. Recession vs. Depression There is no true economic marker that differentiates a recession from a depression.
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.
The recession of 2020, was the shortest and steepest in U.S. history and marked the end of 128 months of expansion. Key Predictors, Indicators and Warning Signs.
Recession indicators are flashing red, ... Sahm's rule is the perfect example of why there's rarely ever a clear read on economic data. It's a rather simple math equation: If the three-month ...
The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80] Some economists described the post-recession years as the weakest recovery since the Great Depression and World War II.
Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression; Panic of 1847, started as a collapse of British financial markets associated with the end of the 1840s railway industry boom; Panic of 1857, a U.S. recession with bank failures; Indian economic crash of 1865