0
There is no universally recognized definition of 'recession.' Most (but not all) economists would agree that the current economic situation is at least a recession.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agono its not, its borderline depression
Add your answer:
Earn +20 pts
How much it will cost to relieve us from the recession?
It will cost about 850,000,000,000 dollars to relieve us fro the recession
What caused the recession in the US in 2001 to be mild?
The suspect lending practices was one of the causes of the recession in the US in 2001.
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
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.
What was the economic status of the US in 1809?
in a recession
When did the Celtic Tiger End?
2008 when Ireland officially entered recession
How much it will cost to relieve us from the recession?
It will cost about 850,000,000,000 dollars to relieve us fro the recession
Will the US go into recession?
It has.
What caused the recession in the US in 2001 to be mild?
The suspect lending practices was one of the causes of the recession in the US in 2001.
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
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.
What was the economic status of the US in 1809?
in a recession
What triggers 2007 us recession?
Democrats
Does the US recession affect Australia?
Yes,
Is the US truly in a depression?
Not Really, we are in a recession but not a depression.
What were the factors that made the recession of two thousand in the US a mild one?
The strong economic power of the United States is what made the recession of 2000 in the US a mild one.
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.
