Is the Recession Really Over? Experts Declare End in June 2009

News
Thread starter WhoWee
Start date Sep 21, 2010

In summary: The Dow broke 11,000 today....and now, the REST of the story...The U.S. lost more jobs than forecast in September as local governments fired teachers and other workers in response to declining tax revenue.In summary, according to recent reports, the Great Recession officially ended in June 2009. However, many experts and investors, including billionaire Warren Buffett, believe that the US economy is still in a recession due to factors such as high unemployment rates and slow economic growth. The recent breaking of the 11,000 mark by the Dow Jones Industrial Average has been met with both optimism and skepticism, as it does not necessarily reflect the true state of the economy. In September 2010, the US lost more

Oct 18, 2010

jdnoslo

Anyone thinking we are out of the woods just needs to turn off CNN and take a look around outside.

<h2>1. Is the recession officially over?</h2><p>According to experts, the recession ended in June 2009. This was declared by the National Bureau of Economic Research, which is considered the official arbiter of economic cycles in the United States.</p><h2>2. What factors led to the end of the recession?</h2><p>The end of the recession was primarily attributed to government intervention and stimulus packages, as well as an increase in consumer spending and a rebound in the housing market.</p><h2>3. How long did the recession last?</h2><p>The recession officially began in December 2007 and ended in June 2009, making it the longest recession since World War II. It lasted for a total of 18 months.</p><h2>4. Are there any lingering effects of the recession?</h2><p>While the economy has technically recovered from the recession, there are still some lingering effects such as high levels of unemployment and a slow growth rate. The effects of the recession may also still be felt in certain industries and regions.</p><h2>5. Could there be another recession in the future?</h2><p>It is impossible to predict the future of the economy, but it is important for individuals and businesses to be prepared for potential economic downturns. By practicing responsible financial habits and staying informed about the state of the economy, individuals can better weather any potential future recessions.</p>

1. Is the recession officially over?

According to experts, the recession ended in June 2009. This was declared by the National Bureau of Economic Research, which is considered the official arbiter of economic cycles in the United States.

2. What factors led to the end of the recession?

The end of the recession was primarily attributed to government intervention and stimulus packages, as well as an increase in consumer spending and a rebound in the housing market.

3. How long did the recession last?

The recession officially began in December 2007 and ended in June 2009, making it the longest recession since World War II. It lasted for a total of 18 months.

4. Are there any lingering effects of the recession?

While the economy has technically recovered from the recession, there are still some lingering effects such as high levels of unemployment and a slow growth rate. The effects of the recession may also still be felt in certain industries and regions.

5. Could there be another recession in the future?

It is impossible to predict the future of the economy, but it is important for individuals and businesses to be prepared for potential economic downturns. By practicing responsible financial habits and staying informed about the state of the economy, individuals can better weather any potential future recessions.