Attention Economy


Monday, July 19, 2021

The Pandemic Recession – Officially the Shortest US Recession

According to NBER:
https://www.nber.org/news/business-cycle-dating-committee-announcement-july-19-2021
The Business Cycle Dating Committee of the National Bureau of Economic Research maintains a chronology of the peaks and troughs of US business cycles. The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020. The previous peak in economic activity occurred in February 2020. The recession lasted two months, which makes it the shortest US recession on record.