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 episode of GZERO Europe, Carl Bildt reflects on how Russia's war in Ukraine has lasted longer than World War I and the role an underachieving military campaign and international politics have played in putting pressure on Putin.
The new polling released on Wednesday shows Lula widening his lead over the senator and son of former President Jair Bolsonaro.
Belfast erupted in anti-immigration violence on Monday after a local man was allegedly stabbed by a Sudanese asylum seeker, with far-right figures including Tommy Robinson, Elon Musk, and Nigel Farage amplifying the unrest.