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NBER Committee Determined Recession Began December 2007 and Ended June 2009

Posted on: September 20, 2010

On a conference call yesterday, a National Bureau of Economic Research (NBER) committee has found indicators that the major U.S. recession last around 18 months- beginning December 2007 to June 2009.   They found that the U.S. economy experienced a “trough” in business activity in 2009 around the month of June indicating the end of a recession.

The 18 month U.S. recession is the longest on record since World War II by surpassing the previous recessions of 16 months both in 1973-75 and 1981-82.



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