The "D" Word

Craft, Matthew
March 2009
Forbes Asia;3/2/2009, Vol. 5 Issue 3, p45
The article traces the intensity of recession in the U.S. comparing it with the Great Depression of 20th century. By loose agreement, a recession shades into a depression when it stretches out for 36 months. The U.S. has until January 2011 before it crosses that line. By comparison, the Great Depression lasted from 1930 to 1941, just before the U.S. entered World War II. In the last quarter of 2008 the economy shrank at a 3.8% annual rate.


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