Movers and SHAKERS
Image Credit: Lauri Sten (Flickr)
When Was the Shortest Recession in Your Lifetime?
The U.S. officially emerged from a recession in April 2020. After clarity, confidence and leadership seemed to calm markets after the introduction of the novel coronavirus on our shores, the contraction ended. The sell-off lasted two months, making it the shortest on record.
The announcement Monday from the National Bureau of Economic Research also declares April as the official start of the recovery
The recession ended the country’s longest recorded economic expansion, which began in June 2009 and lasted 128 months, according to the bureau’s Business Cycle Dating Committee, the accepted arbiter of recession dates.
The group typically waits until a business cycle is well under way before declaring it has started. It took more than a year to make official our most recent recessions duration.
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Bear Market Cycles, Is it Different this Time (March 2020)
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