The National Bureau of Economic Research (NBER) defines a recession as a “significant decline in economic activity that is spread across the economy, lasting more than a few months.” Three criteria – ...
The Daily Overview on MSN
The 'rolling recession' theory explains why the economy feels broken
The headline numbers say the United States economy is strong, yet daily life still feels financially precarious for millions of people. Prices remain elevated, paychecks seem to vanish faster than ...
The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.
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