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Monday, June 8, 2020

Recession began in February

The peak in monthly economic activity in the U.S. occurred in February, says the National Bureau of Economic Research - more or less the group that gets the honor of dating expansions and recessions.

That would mean the economic expansion which began in June 2009 lasted a full 128 months until felled by the global pandemic. That's a record (going back till at least 1854), besting the 120 months from March 1991 to March 2001.

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