When were all of the recessions?

When were all of the recessions?

Great Depression onward

Name	Period Range	Duration (months)
Great Depression	Aug 1929–Mar 1933	3 years 7 months
Recession of 1937–1938	May 1937–June 1938	1 year 1 month
Recession of 1945	Feb 1945–Oct 1945	8 months
Recession of 1949	Nov 1948–Oct 1949	11 months

When did the Great Recession End in Europe?

From the beginning of the recession in December 2007 to its official end in June 2009, real gross domestic product (GDP)—i.e., GDP as adjusted for inflation or deflation—declined by 4.3 percent, and unemployment increased from 5 percent to 9.5 percent, peaking at 10 percent in October 2009.

Is there a recession every 10 years?

Recessions seem to occur every decade or so in modern economies and, more specifically, they seem to regularly follow periods of strong growth.

How many recessions have there been since 1940?

Starting with an eight-month slump in 1945, the U.S. economy has weathered 12 different recessions since World War II and up until the COVID-19 pandemic, which ended the longest period of economic expansion on record.

Was there a recession in the 1970s?

The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion.

What caused the 1973 recession?

The recession of 1973-1975 in the U.S. came about because of rocketing gas prices caused by OPEC’s raising oil prices as well as embargoing oil exports to the U.S. Other major factors included heavy government spending on the Vietnam War, and a Wall Street stock crash in 1973-74.

How did 2008 affect Europe?

The entire economy of the European Union declined by 0.1 percent in the second quarter of 2008. A European Commission forecast predicted Germany, Spain and the UK would all enter a recession by the end of the year while France and Italy would have flat growth in the third quarter following second quarter contractions.

How did the 2008 recession end?

Congress passed TARP to allow the U.S. Treasury to enact a massive bailout program for troubled banks. The aim was to prevent both a national and global economic crisis. ARRA and the Economic Stimulus Plan were passed in 2009 to end the recession.

Was there a recession in the 80s?

The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and early 1983. It is widely considered to have been the most severe recession since World War II.

What was the 2001 recession?

The 2001 recession was an eight-month economic downturn that began in March and lasted through November. 1 While the economy recovered in the fourth quarter of that year, the impact lingered and the national unemployment continued to climb, reaching 6% in June 2003.

When did the Great Recession start and end?

Here are some of the most important milestones in a Great Recession timeline of the financial crisis—also known as the 2008 recession—which lasted in the United States from mid-2007 to June of 2009.

How many countries in Europe are still in recessions?

As of October 2014, only five out of the 71 countries with available quarterly data (Cyprus, Italy, Croatia, Belize and El Salvador), were still in ongoing recessions. The many follow-up recessions hitting the European countries, are commonly referred to as being direct repercussions of the European sovereign‑debt crisis .

When did the first recession peak & troughs start?

Beginning in 1835, an index of business activity by the Cleveland Trust Company provides data for comparison between recessions. Beginning in 1854, the National Bureau of Economic Research dates recession peaks and troughs to the month.

How did the financial crisis affect Europe in 2009?

The crisis spread to Europe rapidly and affected much of the region with several countries already in recession as of February 2009, and most others suffering marked economic setbacks. The global recession was first seen in Europe, as Ireland was the first country to fall in a recession from Q2-Q3 2007 – followed by…