Recession declared as restaurant stocks tumble

NEW YORK It’s finally official: The United States is in a recession.

After months of rising unemployment, slowed economic output and stalled consumer spending, the National Bureau of Economic Research, a nonpartisan, nonprofit group of economists officially charged with declaring recessionary periods, on Monday said the U.S. economy entered a recession in December 2007. That would make this recession longer than the average length of the 10 previous recessions s

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