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Real Estate & Property Law

: Housing Wire

It?s Official: U.S. Recession is Now One-Year Old

By KELLY CURRAN

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The National Bureau of Economic Research said Monday afternoon that the U.S. has been in a recession since December 2007; the group is the official body for dating the nation’s recessionary cycles, making Monday’s announcement the first official pronouncement of recession since economic indicators first suggested contraction twelve months ago. The business cycle dating committee of [...]

Full post as published by Housing Wire on December 01, 2008 (boomark / email).

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