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Recessions and Industrial Production

Posted on May 15, 2008

[A] recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. National Bureau of Economic Research (NBER)The Federal Reserve reported this morning that industrial production declined 0.7% in April. From the WSJ: Industrial Output Fell Last Month U.S. industrial production plunged in April, suffering a broad decline in output ranging from cars to furniture and business equipment.Industrial production decreased 0.7%, following a revis...

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economy , gdp , output