The chronology comprises alternating dates of peaks and troughs in economic activity. A recession is a period between a peak and a trough, and an expansion. How does that relate to the NBER's recession dating procedure? A: Most of the recessions identified by our procedures do consist of two or more quarters of. The trough date will mark the end of the recession. The committee will not issue any judgment about whether the economy has reached a trough until it makes its. The NBER's Recession Dating Procedure. Business Cycle Dating Committee, National Bureau of Economic Research.
How does that relate to the NBER's recession dating procedure? A: Most of the recessions identified by our procedures do consist of two or more quarters of declining real GDP, but not all of them. In, for example, the recession did not include two consecutive quarters of decline in real GDP. In the recession beginning in December and ending in June, real GDP declined in the first, third, and fourth quarters of and in the first quarter of There have been as many as 47 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, the consensus view among economists and historians is that "The cyclical volatility of GNP and unemployment was greater before the Great Depression than it has been since the end of World War II." Cycles in the country's agricultural production, industrial production, consumption, business investment, and the health.
List of recessions in the United States