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Events from the year 2009 in the United States.. The inauguration of Barack Obama as the president, occurred on January 20.The nation, still recovering from the Great Recession, received various economic stimuli through the American Recovery and Reinvestment Act of 2009 and similar legislation, which most notably gave Americans tax credits.
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
Though no one knew they were in it at the time, the Great Recession had a significant economic and political impact on the United States. While the recession technically lasted from December 2007 – June 2009 (the nominal GDP trough), many important economic variables did not regain pre-recession (November or Q4 2007) levels until 2011–2016.
The economy is showing signs of improvement, the Federal Reserve said Wednesday. But that doesn't mean an interest rate hike is around the corner. The Fed said it would keep its benchmark rate ...
In October 2009, news reports announced that some employers who cut jobs due to the recession are beginning to hire them back. More recently, economists announced in January 2010 that economic growth in the U.S. resumed in the fourth quarter of 2009, [22] and some have predicted that limited job growth will begin in the spring of 2010. [23]
The US bear market of 2007–2009 was a 17-month bear market that lasted from October 9, 2007 to March 9, 2009, during the 2007–2008 financial crisis. The S&P 500 lost approximately 50% of its value, but the duration of this bear market was just below average.
The economic prospects for 2010 in the early 2009 were of a positive growth of 3.5 [21] and some saw a steady recovery by the second quarter of 2010. [22] At the end of 2010, the OECD revealed an estimated growth of 4.5 percent [ 23 ] while the Mexican government estimated a growth of over 5 percent [ 24 ] and the creation of 730 thousand jobs.
December 1, 2008: United States; The US economy has been in recession since December 2007, the National Bureau of Economic Research announced in December 2008. The bureau is a private research institute widely regarded as the official arbiter of US economic cycles. It said a 73-month economic expansion had come to an end. [62]