Nber recession dating
These are the indicators to watch if you want to know when the economy is in a recession. It's called real because the effects of inflation are stripped out.
When the real GDP growth rate turns negative, it could be a recession.
Rather, the committee determined only that the recession ended and a recovery began in that month," the committee said in a statement.
The 2007-2009 recession is the longest in the post-WWII period.
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
"In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity.In choosing the dates of business-cycle turning points, we follow standard procedures to assure continuity in the chronology.Because a recession influences the economy broadly and is not confined to one sector, we emphasize economy-wide measures of economic activity.It's difficult to determine if you're in a recession based on GDP alone.That's why the NBER measures the following monthly statistics.