America in recession: what history shows

The United States officially entered an economic recession in March, the National Bureau of Economic Research announced last week. The six-member panel of economists, based in Cambridge, Mass., is the unofficial arbiter of when recessions (by definition, at least six months of negative growth) begin and end.

Many economists predict the current recession will be short and mild, though plenty of factors could change that. A March beginning means the period of economic expansion lasted exactly 10 years - a record by more than a year. A look at previous recessions and their durations:

Start of Duration

recession (in months)

Feb. 1945 9

Nov. 1948 11

July 1953 10

Aug. 1957 9

April 1960 10

Dec. 1969 11

Nov. 1973 16

Jan. 1980 6

July 1981 16

July 1990 9

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK