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For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.
The U.S. economy entered 2025 with a steady hand, according to the National Association of Business Economics, a group of the nation’s leading economists, with the chance of a prolonged slowdown ...
The long-rumored recession has been postponed – or perhaps canceled altogether. The soft-landing vibes are real. Inflation is cooling. The economy is growing at a shockingly strong pace.
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. [1] [2] ...
The recession did not show up until 2009, but the recession already slowed down in 2008. The country had a positive growth of 1.5% in 2008 compared to a 3.3% in 2007, by 2009 the economy had shrunk by 6.5%, a percentage bigger than that of the 1994-1995 crisis [18] and the largest in almost eight decades and registering an inflation of 3.57% [19]
Informally, a national recession is a period of declining economic output. In a 1974 New York Times article, Julius Shiskin suggested several rules of thumb to identify a recession, which included two successive quarterly declines in gross domestic product (GDP), a measure of the nation's output. [8]
After expanding at a red-hot 4.9%, all signs point to further, albeit slower, growth for the U.S. economy in the election year.
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.