Business
UserpicThe Recession in Perspective
Posted by Moxietype

The Federal Reserve Bank of Minneapolis compares output and employment changes between this and past recessions. It doesn't look as bad as thought, and yet:

The 10 previous postwar recessions have ranged in length from 6 months to 16 months, averaging about 10 1/2 months. The current recession has surely surpassed the postwar average, but its total length will only be known when the Business Cycle Dating Committee retrospectively determines the final month of the recession.



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