That’s right. According to the National Bureau of Economic Research—the group that officially decides when a recession begins and ends in the U.S.—the American economy is in a recesion and it began in December 2007. The NYT has more here. And the official statement here.
That’s right. According to the National Bureau of Economic Research—the group that officially decides when a recession begins and ends in the U.S.—the American economy is in a recesion and it began in December 2007. The NYT has more here. And the official statement here.