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The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion. It differed from many previous recessions by involving stagflation, in which high unemployment and high inflation existed simultaneously.
Early 1980s recession. The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [1][2][3] It is widely considered to have been the most severe recession since World War II until the 2007–2008 financial crisis. [4][5][3]
US unemployment rate, 1973–1993. The United States entered recession in January 1980 and returned to growth six months later in July 1980. [1] Although recovery took hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. [2] The downturn ended 16 months later, in November 1982. [1]
A housing supply gap of 6.5 million homes. At its root, inflation is a result of an imbalance of supply and demand. In the housing market, weak inventory was a problem that existed prior to the ...
Today’s mortgage rates aren’t all that different from the rates of years past. Here’s how they compare. ... By 1990, that median had risen to $123,900. Spurred by the Great Inflation, the 30 ...
After all, in the 1970s, multiple recessions plus two oil-price shocks sparking the so-called great inflation led to an era characterized by economic stagnation and high prices—giving birth to ...
Tight monetary policy in the United States to control inflation led to another recession. The changes were made largely because of inflation carried over from the previous decade because of the 1973 oil crisis and the 1979 energy crisis. [68] [69] Early 1990s recession: July 1990 – March 1991 8 months 7 years 8 months 7.8% (June 1992) −1.4%
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