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United States entered recession in February after 128 months of expansion

2020-06-09T07:53:19.380Z


The authoritative National Bureau of Economic Research has even revised its definition due to the brutality of the shock caused by the coronavirus.


The United States entered a recession in February after 128 months of expansion, according to the committee which refers to the matter in the United States, which even revised its definition because of the brutality of the shock caused by the coronavirus pandemic .

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The peak of monthly economic activity occurred in the US economy in February 2020. This peak marks the end of the expansion that began in June 2009 and the start of a recession. The expansion lasted 128 months, "said Monday the economic cycle dating committee of the National Bureau of Economic Research, which is an authority on the subject.

Source: lefigaro

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