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Old 06-09-2010, 11:07 PM   #11
Redux
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Quote:
Originally Posted by classicman View Post
Isn't that the definition of a recovery?
Recessions are generally considered over when sustainable gdp growth is achieved over a period of 12-18 months (or 4-6 quarters). Those 5th and 6th quarters also allow for job recovery, again, recognizing that jobs are the last to recovery.

Officially, we should be out of the recession this summer or fall.
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