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Yes, there need to be two consecutive quarters of negative growth. BEA report GDP figures of: period Bn$ Chained 2000Bn$ {| |- | 2007q4 14,031.2 11,620.7 2008q1 14,150.8 11,646.0 2008q2 14,294.5 11,727.4 2008q3 14,412.8 11,712.4 2008q4 14,200.3 11,525.0 It is the real GDP that matters ie the chained 2000 $ column which shows falls in 2008 q3 and 2008 q4. |}
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How Is the US Economy Doing?
right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.
Why the recession in us economy affecting the world economy?
many events
Define recession in the economy?
Recession means the period of reduction in trade and commerce in the economy.
When economic activity in an economy declines it is called?
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What is difference between depression and a recession?
A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
How Is the US Economy Doing?
right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.
Why the recession in us economy affecting the world economy?
many events
If there's a recession in the us economy do it influence the economy's of Asia?
potatoes are round
How much did US imports shrink due to the recession of 1858?
On a national basis the recession of 1858 effected many aspects of the US economy. As one example, imports decreased by 25%. With the economy in recession, money to purchase imports went down.
What does a down term in US economy mean?
Recession of the economy, or falling part of one economic circle.
Define recession in the economy?
Recession means the period of reduction in trade and commerce in the economy.
When economic activity in an economy declines it is called?
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Is the us economy in a depression in 2009?
The US economy is in recession, as people have less money to spend. It is not yet a depression in which the entire ecomomy collapses, but it could still happen later on.
Factors which slowdown economy of US?
The recovery from the recession in the US economy has been slower than expected in 2014. This is because of a lack of consumer confidence reflected in the area of consumer spending.
Why the recessien in the us economy affecting world economy?
The U.S. is a prominant figure in the world economy. Many countries trade with the U.S. When people are buying less in a recession in the U.S., countries that trade with us have less business and their economy slows down with ours.
What is difference between depression and a recession?
A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
What are downturns in the economy called?
Recession or a Depression
