The National Bureau of Economic Research (NBER) defines arecessionas a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale retail trade. It is caused by a chain of events in the econo...
financial institutions, the refusal of the U.S. Federal Reserve to raise interest rates between 2003-2005 and the deregulation of the financial markets.WeisbergJacobNewsweekWeisberg, J. (2010, January 18). What caused the great recession? It's finally ending. Let the blaming begin. Newsweek....
The Cause of the Great Recession: What Caused the Downward Shift of the GDP Trend in the United States? The trend of the gross domestic product (GDP) of the United States clearly shifted downward after the Great Recession of 2008. This shift indicates that the cause of the Great Recession ...
Guide to Economic Recession NoNo Flores / Investopedia What Was the 2008 Great Recession? The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies. It is considered the most significant downturn since theGreat Depress...
What caused the decrease in RevPAR during the recession?: An ARIMA with intervention analysis of room supply and market demand Purpose – This study aims to attempt to examine whether the increase in hotel room capacity in the USA had a significant impact on nationwide aggregated w... T Zheng...
In this McKinsey Explainer, we look at what a recession is, their impact on the global economy, and what can be done to mitigate their impact.
Life During the Depression The Depression caused many farmers to lose their farms. At the same time, years of over-cultivation and drought created the “Dust Bowl” in the Midwest, destroying agricultural production in a previously fertile region. Thousands of these farmers and other unemployed wor...
WASHINGTON, March 23 (Xinhua) -- The United States could see a recession if rapidly rising oil prices hit a crucial tipping point, economists have warned. Oil prices are surging worldwide, and the conflict in Ukraine has exacerbated numerous factors that have already caused record price hikes,...
the early 2020s, for example,inflation began to run so highthat the Federal Reserve started an aggressive rate-hike cycle that essentially pushed the economy toward recession. As bad as a recession might be, the thinking went, inflation was an even worse enemy. For the Fed, it was ...
However, the COVID-19 pandemic has not only caused an unprecedented global health crisis, but has also triggered a worldwide economic downturn—“2020 is on track to witness the deepest global recession on a scale not seen since World War II” [2]. One of the major reasons for the ...