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If the U.S. economy has negative growth for two consecutive quarters, it is technically
considered a beginning of a recession. In addition if we have an economic recovery without new job growth, this situation has a severe impact of the economy.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoNo because the rich are still getting rich and middle class still live very good; despite their wining and complaining. Yesterday was Black Friday, People were lined up like crazy at wall-marts all across the U.S. ready to shop till they drop. The only people facing a recession now are the poor low income families who have basically been facing a "recession" their whole lives...But nobody cares about us poor folk' anyway. So to answer your question, no, there is no recession in the U.S. as far as I can tell.
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What was the economic status of the US in 1809?
in a recession
What was going on in the US during Obama's term?
Economic Recession
The event that ended the long period of economic expansion in the US was .?
a recession
What was the effect of president roosevelts attempt to balance the federal budget?
economic recession
Is the US officially in a recession?
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.
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.
When economic activity in an economy declines it is called?
== == == ==
How did the recession of 2011 compare to other economic downturns?
recession is the same to economic downturns as they both have exact economic phenomenon with few respects
What is economic crunch?
recession
Implications of economic recession?
Economic recesion - implications
What does a down term in US economy mean?
Recession of the economy, or falling part of one economic circle.
Whose controversial economic policy helped the US out of the recession by lowering taxes in the 1980S's?
Ronald Reagan
