Economic recession dating psh color age dating
The most recent trough occurred in November 2001, inaugurating an expansion.
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
It will continue to be updated as new data are released. economy experienced 10 recessions from 1946 through 2006.
This page does not provide forecasts, and the information should not be interpreted as such. The committee determined that the 2007-2009 recession began in December 2007 and ended in June of 2009.
This page provides a current assessment of 'how bad' the 2007-2009 recession was relative to past recessions, and of how quickly the economy is recovering relative to past recoveries.
Many policymakers were caught off guard by both the onset and the scale of the Great Recession, which helps explain the inadequate policy response to the worst economic downturn since the Great Depression.
EPI hosted a symposium, with support from the Groundwork Collaborative, where participants explored factors that may trigger the next recession, how we can best respond when the recession does hit, and how we can sustain that response all the way back to genuine full employment.
The charts provide information about the length and depth of recessions, and the robustness of recoveries. Ending dates are typically announced several months after the recession officially ends.
The Business Cycle Dating Committee of the National Bureau of Economic Research determines the beginning and ending dates of U. Read the June 2009 trough announcement by the NBER.
Specifically, the Committee identifies a month when the economy reached a peak of activity and a later month when the economy reached a trough.