WASHINGTON (AP) — The longest recession the country has endured since the Great Depression ended in June 2009, a group that dates the beginning and end of recessions declared Monday.
The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., said the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest post World War II downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months.
Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts
Monday, September 20, 2010
NBER: Recession ended in June 2009
IT'S OFFICIAL: The Great Recession ended in June 2009 according to the National Bureau of Economic Research in Cambridge.
Wednesday, June 10, 2009
"V" as in victory or V-shaped recovery?
Ever the optimist, Brian Wesbury thinks the economy is turning around.
We have said from the beginning that the recession would end quickly and a V-shaped recovery would follow. Now, a combination of loose monetary policy and reforms to overly strict (and inappropriate) mark-to-market accounting rules have ended the financial panic.He has the charts to prove his case.
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