FILE - The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. Typically, a recession occurs when some short of shock hits the economy, such as the pandemic in 2020, or the bursting of the housing bubble in 2007. Recessions are officially declared by the obscure-sounding National Bureau of Economic Research, a group of economists whose Business Cycle Dating Committee defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”
Author: Christopher Rugaber
Published at: 2025-04-07 21:45:09
Still want to read the full version? Full article
