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The average duration of the 11 recessions between 1945 and 2001 is 10 months, compared to 18 months for recessions between 1919 and 1945, and 22 months for recessions from 1854 to 1919. [6] Because of the great changes in the economy over the centuries, it is difficult to compare the severity of modern recessions to early recessions. [7]
What growth occurred was unevenly distributed; roughly half of GDP growth from 2009 to 2015 went to the top 1% of households. [16] Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018.
According to this definition, since World War II there were only four global recessions (in 1975, 1982, 1991 and 2009), all of them only lasting a year (although the 1991 recession would have lasted until 1993 if the IMF had used normal exchange rate weighted per‑capita real World GDP rather than the purchasing power parity weighted per ...
(April 2010) (Learn how and when to remove this message) The following articles contain lists of recessions: List of recessions in the United Kingdom;
Recessions. According to economists, since 1854, the U.S. has encountered 32 cycles of expansions and contractions, with an average of 17 months of contraction and 38 months of expansion. [16] From 1980 to 2018 there were only eight periods of negative economic growth over one fiscal quarter or more, [180] and four periods considered recessions:
An economic recession sends ripple effects across the economy. Although everyone feels the effects, most can only wait for sunnier economic times to appear. Knowing how long a recession can last ...
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Thailand's GDP rose 3.8% in the fourth quarter of 2010 after a minor recession caused by GDP contractions of 0.4% in the second quarter and 0.3% in the third quarter of 2010. The growth of the fourth quarter was attributed to a strengthening global economy, along with increasing income levels in the nation and greater liquidity by financial ...