1) The NBER defines a recession
as a "significant decline in economic activity spread across the economy, lasting more than a few months" based on a number of economic indicators, with an emphasis on trends in employment and income.
For example, energy-producing states in the Tenth Federal Reserve District entered a recession
in 2015 and 2016 following the 70 percent decline in the price of oil from June 2014 to February 2016.
In fact, over the past 37 years, only eight states have been in recession
during--and only during--all five of those U.
To begin, we rely on the time-honored and standard academic definition of a recession
as a decrease of real gross domestic product (GDP) for at least two consecutive quarters.
Collapse and Revival: Understanding Global Recessions
RBS thinks China could be the crisis point for this recession
, as the Lehman Brothers collapse was the catalyst for the 2008 financial crisis.
The size of the bubbles represents the length of the recession
That was the longest recession
on record since the Great Depression.
The Great Recession
is a term used to describe the general economic decline observed in world markets around the end of the first decade of the 21st century.
Starting with the recessionary period itself, McGranahan and Berman show that fiscal policy was more expansionary during the Great Recession
than in any other recession
is proving to be a nice little earner for the uppercrust and the banking spivs.
Experience since the global financial crisis and Great Recession
of 2008-09 has strengthened the evidence for long-term effects of recessions
, since output in many countries is still highly depressed in 2014, with many forecasters predicting little recovery in the next five years.
The longest of any recession
since World War II officially began in December 2007 and ended in June 2009 (National Bureau of Economic Research 2010; Cawley, Moriya, and Simon 2011).
TORY grandee Lord Young of Graffham lives in an ivory tower if he genuinely believes Britain isn't in recession
unemployment relative to output after the Great Recession
has led some to question whether Okun's law has changed permanently.