Recession dating committee

A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. The NBER defines a recession as 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. Recessions are visible in industrial production, employment, real income, and wholesale-retail trade.
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Early 2000s recession

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Business Cycle Dating | NBER

The company initially tried a number of ideas for content, including being a directory of information about Chicago. Bomis created Nupedia as a free online encyclopedia with content submitted by experts but it had a tedious, slow review process. The non-profit Wikimedia Foundation began in with a board of trustees composed of Bomis' three founders Wales, Davis, and Shell [17] and was first headquartered in St. Petersburg, Florida , [18] Bomis' location. Jimmy Wales left a study track at Indiana University as a PhD candidate to work in finance before completing his doctoral dissertation.
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The Racial and Economic Justice Report

In economics , a recession is a business cycle contraction when there is a general decline in economic activity. This may be triggered by various events, such as a financial crisis , an external trade shock, an adverse supply shock , the bursting of an economic bubble , or a large-scale anthropogenic or natural disaster e. In the United States, it is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP , real income, employment, industrial production, and wholesale-retail sales". Governments usually respond to recessions by adopting expansionary macroeconomic policies , such as increasing money supply or increasing government spending and decreasing taxation.
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The business cycle is the natural rise and fall of economic growth that occurs over time. The cycle is a useful tool for analyzing the economy. It can also help you make better financial decisions. Learn more about what a business cycle is, how a business cycle works, and the four phases that each business cycle has.
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