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Here are six reasons a recession is likely to hit the U.S. soon, according to Bloomberg Economics. Soft landing optimism ‘always’ comes before a recession
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...
The NBER considers a very short recession to have occurred in 1980, followed by a short period of growth and then a deep recession. Unemployment remained relatively elevated in between recessions. The recession began as the Federal Reserve, under Paul Volcker , raised interest rates dramatically to fight the inflation of the 1970s .
The Deloitte survey found consumers expecting to spend an average of $252 on gift cards this year, up from $235 last year. With a gift card, the recipient chooses the gift. In every other major...
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output .
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.