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Category: Money

Experts Say Recession Ended in June 2009

Written on September 21, 2010 by R. Depp

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National Bureau of Economic Research (NBER) declared that U.S. is slowly redeeming itself after the Great Recession.

According to economic experts, concluded in June 2009. But did the thousand of workers burdened with mortgages and unemployed people actually felt this conclusion? Not exactly.

This statement was released last Monday by (NBER). This group of economists that stocks continue to rise since last summer. The Great Recession experienced by American was the worse since the Great Depression.

Though there are still fears for double-dip recession, NBER is still hopeful, “the committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007.”

NBER mentioned that U.S. really hit rock bottom but as of now, the economy is steadily expanding. “Economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.

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