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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%
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. 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]
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
What it pulled off was a rare economic soft landing, using elevated interest rates to nudge inflation lower without triggering a US recession. Unemployment rose but never got out of control. The ...
Recession Period. Start. End. Total Time Elapsed. The Great Depression–Late ’20s and Early ’30s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis
An example of a V-shaped recession is the Recession of 1953 in the United States. In the early 1950s, the economy in the United States was growing, but because the Federal Reserve expected inflation it raised interest rates, tipping the economy into recession. In 1953, growth began to slow in the third quarter and the economy shrank by 2.4 percent.
With the U.S. economy surging at a 4.9% rate, the bears seem to be hibernating early, as there's no immediate sign of weakening in the pillars of robust employment and healthy household spending.
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.