November 30, 2001

Yes, We Are Semi-Officially in a Recession...

The Business-Cycle Peak of March 2001

The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession. The determination of a peak date in March is thus a determination that the expansion that began in March 1991 ended in March 2001 and a recession began. The expansion lasted exactly 10 years, the longest in the NBER's chronology

Posted by DeLong at November 30, 2001 09:44 PM | TrackBack

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