Living Beyond Borders Articles
The Graphic Truth: How long might a US recession last?
A graphic showing the duration of recessions in the US since 1929.
GZERO Media
For months, we've been debating the odds of a looming inflation-fueled US recession. It hasn't happened yet — in no small part due to a tight jobs market. (For more on who makes the recession call, read our primer here.)
But the fact that it hasn't happened yet doesn't mean recession fears are over. In fact, economists believe it'll start as soon as cash-strapped businesses — faced with high interest rates to fight inflation — begin giving workers pink slips across the board. Still, it's more likely than not that when it comes, the recession will be not only mild (not triggering mass unemployment) but also historically short.
We take a look at the duration and cause of US recessions over the past century.
In this Quick Take, Ian Bremmer breaks down the growing tensions between the US and Iran, calling it "the next area of potential large-scale conflict where President Trump is interested in changing the facts on the ground."
392,000: The estimated number of people displaced across Mozambique by recent rain-induced floods. Severe flooding in the southern African nation, as well as in South Africa and Zimbabwe, has killed over 100 people.