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Yikes: 75 Percent of People Worried America Slipping Back Into Recession

Edna_Eagle Wrote: Jun 18, 2012 2:08 PM
I think we're not slipping into a recession..but already back into one. I know personally it's worse for me than it was in 2008

The National Bureau of Economic Research defines a recession as, "a period between a peak and a trough, and an expansion is a period between a trough and a peak. During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year. Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years." The NBER declared the Great Recession over in December 2008, despite millions of Americans still being unable to find work. Regardless, a new poll from