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Old 08-16-2007, 10:20 AM
jively jively is offline
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Join Date: Apr 2005
Location: Long Island, NY
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Default Re: Define the term \"Recession\" as it relates to the US economy

Here is a decent article. The 2Q of negative GDP is not official; there is an organization that officially announces a recession and a recovery, but they are generally about 6-12 months late. I think they may have announced the 2001 recession (which started in March) somewhere around December when it ended.

-Tom
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