Networking sex chat - Second dating email
Rather, the committee determined only that the recession ended and a recovery began in that month.
Identifying the date of the trough involved weighing the behavior of various indicators of economic activity.
The estimates of real GDP and GDI issued by the Bureau of Economic Analysis of the U. Department of Commerce are only available quarterly.
Further, macroeconomic indicators are subject to substantial revisions and measurement error.
The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007.
The basis for this decision was the length and strength of the recovery to date.
The committee waited to make its decision until revisions in the National Income and Product Accounts, released on July 30 and August 27, 2010, clarified the 2009 time path of the two broadest measures of economic activity, real Gross Domestic Product (real GDP) and real Gross Domestic Income (real GDI).The committee noted that in the most recent data, for the second quarter of 2010, the average of real GDP and real GDI was 3.1 percent above its low in the second quarter of 2009 but remained 1.3 percent below the previous peak which was reached in the fourth quarter of 2007.CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion.At its meeting, the committee determined that a trough in business activity occurred in the U. The recession lasted 18 months, which makes it the longest of any recession since World War II.Previously the longest postwar recessions were those of 1973--82, both of which lasted 16 months.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.