The U.S. economy is now officially in a recession since last December, making this downturn a long one year old. This effectively makes it the longest ever in a quarter century.
The National Bureau of Economic Research (NBER), the chief arbiter of U.S. recessions, has confirmed and decided that this recession began last December, making it the 11th post-war recession.
Only two post-war recessions have been longer — November 1973 to March 1975, and July 1981 to November 1982. NBER has suggested the current recession is very likely to be the longest since the Great Depression.
The official recession [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Singapore's Land Transport Authority has just released an updated official MRT map including one additional station on the Downtown Line... -
Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed m...
-
People's Action Party MP, Mr Inderjit Singh, debated on the Population White Paper and put up his point across that he is against his ow...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.