Economics
Is the U.S. Recession Over? Official Panel Isn’t Ready to Say So
- NBER committee is taking more time to declare new expansion
- Economists waiting for more evidence recovery can be sustained
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The panel of elite economists who judge the dates of U.S. recessions is finding that declaring an end to this year’s downturn is tougher than calling its start.
The National Bureau of Economic Research’s business cycle dating committee announced in June that the Covid-19 recession began just four months earlier in February -- the shortest time yet for a decision that can take a year or more.