Recession
in sentence
2506 examples of Recession in a sentence
Since the Great Depression, it was almost always clear when a
recession
ended: industrial production grew strongly, total sales reversed their decline, and the unemployment rate fell.
Thus, it never really mattered how one identified the end of a recession, or even whether one had a definition at all.
If, as I believe, the most important business-cycle indicator is workers' justified anxiety about losing a job and the difficulty of finding a new one, then the worst cyclical moment for the American economy came a full fifteen months after the
recession'
s semi-formal end.
As measured by trends in production, the
recession
that began in March 2001 was one of the shortest and shallowest ever: over in less than nine months, and amounting to an extremely small decline in gross domestic product.
But, as measured by employment, this is one of the worst, if not the worst,
recession
since the Great Depression: 2.1 million fewer people are at work in the US today than at the peak of the business cycle two years ago.
Is a
recession
a period of falling output alone?
Or is a
recession
a period when the labor market becomes worse for a typical worker?
Whether the US economy is still in
recession
depends on how we answer this question.
The most important point is not whether the US economy is in recession, but that the old categories simply do not fit.
The US is still in an employment recession; but in the past, employment recessions were accompanied by falling output, which is not the case now.
Fearing that post-crisis
recession
in advanced economies would produce a socially dangerous decline in Chinese employment, the government instructed its banks to open the credit floodgates, triggering an infrastructure and housing-construction boom.
Likewise, Japan raised its consumption tax in April to cut the fiscal deficit, but the increase has tipped the economy into
recession.
Those answers plunged into depression territory between July and August, and the index of optimism based on answers to this question is at its lowest level since the oil-crisis-induced “great recession” of the early 1980’s.
The current crisis in the advanced countries, which may very well lead to a global
recession
(if it is not already doing so), not only reveals the many maladies of democratic regimes, but also acts as their incubator and accelerator.
On the other hand, if the Fed maintained the higher federal funds rate, financial flows would be diverted away from productive investment and into idle cash balances, spending would decrease, and the economy would enter a new
recession.
Happy Days Are Not Here AgainThe National Bureau of Economic Research, the non-profit organization that has long been responsible for marking the beginning and end of America's recessions, has finally declared that the
recession
that it said began in March 2001 is over.
Non-economists find it hard to understand why it took the NBER so long to decide that the US
recession
was over.
More importantly, if the
recession
is over--and has been for so long--why don't Americans feel any better?
The answer lies in the definition of a
recession.
A
recession
is normally defined as two quarters (six months) of decline in GDP.
Having determined that, it was easy to date the end of the
recession.
So Americans are right not to let declarations about the end of the US
recession
make them feel good.
Weak economic performance--whether it is called a
recession
or not--smells just as bad.
As the Great
Recession
drives up the number of such “discouraged workers,” adult unemployment rates appear to fall – presenting a distorted picture of reality.
Indeed, history suggests that severe
recession
and socialization of private losses often lead to an unsustainable build-up of public debt.
Coupled with fears of a double-dip
recession
in the United States, the European debt crisis is dragging the global economy into another cycle of financial panic and economic
recession.
So a
recession
in Europe would cause a slowdown in China’s export-dependent economy as well.
Following the German economy’s sharp contraction in the last quarter of 2012, the question for the country today is whether it can avoid a technical
recession
(defined as two consecutive quarters of economic contraction).
The fall of Lehman marked the onset of a global
recession
and financial crisis the likes of which the world has not seen since the Great Depression of the 1930’s.
Hit hard by the US recession, sluggish growth in Europe, Argentina's collapse, low commodity prices, and protectionist barriers against farm products, steel and textiles, Brazil's economy will do well to grow 2% this year.
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