There was a recession in 2001. Part of the reason was the terrorist attacks against the United States. Prices sagged on the stock markets, business earnings declined causing unemployment to rise. This in turn slowed down consumer spending.
It will cost about 850,000,000,000 dollars to relieve us fro the recession
There was no recession in 1998. See the NBER website for US data.
The United States economy was in recession due to the spending of World War I during the 1920s. This caused the Depression where there was a decline in real products.
right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.
The strong economic power of the United States is what made the recession of 2000 in the US a mild one.
There was a recession in 2001. Part of the reason was the terrorist attacks against the United States. Prices sagged on the stock markets, business earnings declined causing unemployment to rise. This in turn slowed down consumer spending.
1. What are the major factors that have affected U.S. household consumption since the recession in 2001?
Lehman Brothers Naresh Singhmar
Usually, the reason for a recession is too much gain. In fact, just before the recession in Europe (and the US), these areas were experiencing massive ups in economy. In basic terms, it was just growing too fast to contain and the bubble popped, so downhill it went.
It will cost about 850,000,000,000 dollars to relieve us fro the recession
It has.
9/11
There was no recession in 1998. See the NBER website for US data.
The United States economy was in recession due to the spending of World War I during the 1920s. This caused the Depression where there was a decline in real products.
right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.
The most recent turning point identified by the NBER was November 2001, marking the end of the recession that started in March 2001 and inaugurating an expansion.