Skip navigation

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

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.