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Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague ...
The chart, below ... Now, let's consider what our look at history tells us about what may happen next. Market downturns, recessions, and crashes vary in length and intensity.
This pattern is consistent with the historical record. Synchronized recessions ... a recession is usually associated with a decline of 2 percent in GDP (see chart). In the case of severe recessions, ...
But why? There's a reason governments spend so many taxpayer dollars digging their economies out of recessions. Families lose their homes. Children go malnourished. New grads spend years ...
The longest official recession in U.S. history lasted more than five years and occurred from 1873 to 1879, according to the NBER. There have been roughly 17 recessions in the U.S. over the last ...
With the UK facing what is predicted to be one of its longest ever recessions, understanding historical slumps and recoveries can help us navigate the present and learn valuable lessons for the future ...
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