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...Updated january introduction to u s economy the business cycle and growth on july national bureau of economic expansion there may also be short periods decreasing research nber an independent nonprofit activity interspersed within expansionary group announced that in united period vice versa states reached a post covid pandemic onset low april subsequently exited two month recession dating cycles did not recover its pre level are dated according peaks until mid this focus discusses troughs single is how recessions determined potential causes from peak or trough effects these fluctuations committee generally credited what with identifying over time tends fluctuate between does define as consecutive increasing known quarters declining real gdp which popular metric expansions used by media rather uses broader definition gross domestic product where significant decline total output adjusted for inflation spreads across broadest measure number indicators movement through alternating includi...