NBER: The Recession Ended in June 2009 - CBS News.
Business Cycle Dating Committee Announcements. The NBER is the most widely accepted arbiter of recessions and recoveries in the US business cycle. The NBER’s Business Cycle Dating Committee determines when peaks and troughs in economic activity occur A recession is the period between the peak and a trough. A recovery is the period between a trough and a peak.
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