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The earliest recessions for which there is the most certainty are those that coincide with major financial crises. [8] [9] Beginning in 1835, an index of business activity by the Cleveland Trust Company provides data for comparison between recessions.
Used to be that when you received a gift card for Christmas from a major retailer like Wal-Mart, you'd use it to buy something fun -- say, that new Eagles CD -- and you'd redeem said gift...
Iowa artist Andrew Shaffer discovered that there's a silver lining to even the darkest cloud. Unable to land the $100,000 job in consulting he was looking for after completing graduate school last ...
While the summer brought lower inflation rates, higher jobs rates and boosts of consumer spending, Bloomberg Economics is warning that a recession is more likely than not happening soon.
The recession in the United States lasted from November 1973 (the Richard Nixon presidency) to March 1975 (the Gerald Ford presidency), and its effects on the US were felt through the Jimmy Carter presidency until the mid-term of Ronald Reagan's first term as president, characterized by low economic growth.
The recession lasted for five quarters and was the deepest UK recession since the Second World War. Manufacturing output declined 7% by end 2008. It affected many sectors including banks and investment firms, with many well known and established businesses having to fold.