US officially fell into a recession in February, according to NBER - Business Insider

that the US economy peaked in February, marking the end of the record 128-month economic expansion that began in June 2009. It was also the beginning of a recession wrought by the coronavirus pandemic and the sweeping shutdowns to contain the spread of COVID-19.

While some analysts consider a recession two consecutive quarters of declining economic activity, the NBER considers a recession "a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators."MORGAN STANLEY: The stock market is entering a new phase of a playbook that's thrived in past recessions. Here's how to tweak your portfolio to take advantage.

The committee — which can often take up to a year to determine a recession's start date — also takes into account the depth of the contraction, its duration, and whether activity declined broadly across the economy. The NBER acknowledged that the coronavirus pandemic had led to an economic downturn with dynamics and characteristics that differ from previous recessions.

"Nonetheless, it concluded that the unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession, even if it turns out to be briefer than earlier contractions," the committee said in a statement.

Stop spreading lies please. Investors deserve better.

It was New Year’s EVE 12/31/19, many citizens were lined up being seen in Wuhan China 🇨🇳 for a “mysterious pneumonia” type illness... CBS 60 minutes/ Dr. Bright

herdbehaviour

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Source: BusinessInsider - 🏆 729. / 51 Read more »