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How severe was the recession in 1998?

Anonymous

∙ 17y ago

Updated: 11/3/2022

There was no recession in 1998. See the NBER website for US data.

Wiki User

∙ 17y ago

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Continue Learning about Economics

What is a long lasting and severe recession?

depression

A decline in business activity that is not as severe as a depression is called a?

recession

A decline in business activity that is not as severe as a depression is called?

A recession is a decline in business activity that is not as severe as a depression. The economy will be determined to be in a recession if there has been a decline in the GDP for two consecutive quarters.

What is a prolonged economic contraction that is not especially long or severe called?

A recession

What is a severe recession called?

This is called (A depression). Economics, Mid-term...

Related Questions

Are there degrees of recession?

absolutly mild and severe

What is a long lasting and severe recession?

depression

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No. Gas prices have not caused this recession. This is because of the severe credit crunch.

A decline in business activity that is not as severe as a depression is called a?

recession

A decline in business activity that is not as severe as a depression is called a .?

recession

What is prolonged economic contraction that is not especially long or severe?

A recession

A decline in business activity that is not as severe as a depression is called?

A recession is a decline in business activity that is not as severe as a depression. The economy will be determined to be in a recession if there has been a decline in the GDP for two consecutive quarters.

What is the difference between depression and recession?

Depression and recession are both economic downturns, but a depression is more severe and longer-lasting than a recession. A depression involves a significant decline in economic activity, high unemployment rates, and widespread hardship, while a recession is a period of economic decline that is less severe and shorter in duration.

What is the difference between recession, depression, and inflation?

Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.

What is prolonged economic contraction that is not especially long or severe called?

A recession

What is a prolonged economic contraction that is not especially long or severe called?

A recession

What is a severe recession called?

This is called (A depression). Economics, Mid-term...

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