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1 year 6 months 1 year 6 months −25.2% −20.8% The period of 1893–1897 is seen as a generally depressed cycle that had a short spurt of growth in the middle, following the Panic of 1893. Production shrank and deflation reigned. [26] 1899–1900 recession June 1899 – December 1900 1 year 6 months 2 years −15.5% −8.8%
A recession is a period of two quarters of negative GDP growth. The countries listed are those that officially announced that they were in recession. It is worth noting that some developed countries such as South Korea and Australia did not enter recession (indeed Australia contracted for the last quarter of 2008 only to grow 1% for the first half of 2009).
In April 2009 the IMF forecast an 8.0 percent shrink of the Ukrainian economy in 2009 and a 1.0 percent grow in 2010. [30] In Mid-April 2009, Ceyla Pazarbasioglu, the IMF mission chief in Ukraine, stated that there were a number of encouraging signs that Ukraine's economy had started to adjust to the global crisis. According to Olena Belan ...
April 15 is the 105th day of the year ... 20 a.m., two hours and forty ... (d. 2007) 1919 – Alberto Breccia, Uruguayan-Argentinian author and illustrator (d. 1993)
March 20 – April 23 (floating Friday using Computus) – Good Friday; March 22 – April 25 (floating Sunday using Computus) – Easter; April 15–21 (3rd Monday) – José de Diego Birthday; May 8–14 (2nd Sunday) – Mother's Day; June 15–21 (3rd Sunday) – Father's Day; July 15–21 (3rd Monday) – Luis Muñoz Rivera Birthday
The official poverty rate in 2015 was 13.5%, down from 14.8% in 2014 but up from 12.5% in 2007, as the economy recovered from the Great Recession of 2007, 2008, and 2009. In 2015, there were 43.1 million in poverty, 3.5 million less than 2014. [140] This was the largest one-year drop in the poverty rate since the 1960s. [2]
The U.S. entered a deep recession, with nearly 9 million jobs lost during 2008 and 2009, roughly 6% of the workforce. The number of jobs did not return to the December 2007 pre-crisis peak until May 2014. [3] U.S. household net worth declined by nearly $13 trillion (20%) from its Q2 2007 pre-crisis peak, recovering by Q4 2012. [4]
Romney bounced back in the polls after strong performances in the primaries and because the economy was still recovering from the 2007–2009 recession. In April, after Obama publicly expressed his support of same-sex marriage and a story was published about Romney bullying a high-school classmate who was thought to be gay, Obama took larger ...