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by dan-robertson
1557 days ago
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That is technically true. Though the duration and severity did vary (and the definition of recession also varies around the globe). For example the U.K. consider the recession to have lasted 5 quarters whereas in the USA recovery (in some macroeconomic statistics) was faster with the economy being considered to be in recession for just two months. I don’t think a two-month recession is particularly concerning though a repeat of the GFC would be. |
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