Worst U.S. Recession Since 1930s Ended in June 2009 (Updates)

The worst U.S. recession since the Great Depression ended in June 2009, the National Bureau of Economic Research said today, as a slowdown in economic growth raises the possibility of another slump.

“We are still expanding, but disappointingly slowly,” Robert Hall, a Stanford University economics professor who heads the NBER committee charged with dating business cycles, said in an interview. “It’s still too early to tote up the cost, given that we are still far from recovered from its effects. It’s definitely the worst apart from the Depression, which was far, far worse.”