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The National Bureau of Economic Research dates recessions on a monthly basis back to 1854; according to their chronology, from 1854 to 1919, there were 16 cycles. The average recession lasted 22 months, and the average expansion 27. From 1919 to 1945, there were six cycles; recessions lasted an average 18 months and expansions for 35.
However, the gains during the recovery were very unevenly distributed. Economist Emmanuel Saez wrote in June 2016 that the top 1% of families captured 52% of the total real income (GDP) growth per family from 2009-2015. The gains were more evenly distributed after the tax increases in 2013 on higher-income earners. [95]
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Source: National Bureau of Economic Research. From 1860 to 1900, the economy was in recession 48% of the time. From 1900 to 1940, it was in recession 43% of the time.
How Long Do Recessions Last? Historically, there have been a total of 34 recession cycles since 1854, lasting an average of 17.5 months. ... They sold their stocks when they were plummeting, as ...
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A recession is a period of two quarters of negative GDP growth. The countries listed are those that officially announced that they were in recession. It is worth noting that some developed countries such as South Korea and Australia did not enter recession (indeed Australia contracted for the last quarter of 2008 only to grow 1% for the first half of 2009).
Recessions may seem like rare instances that only happen in times of severe economic turmoil, but the reality is that they happen more often than you might think. ... including $1.8 trillion ...