After not playing baseball for 3 years in college because of having a total hip replacement, and then coming back to play professionally once I graduated, and get the opportunity to play on a team like the @wcthunderbolts we had in 2007 and 2008...it was like a dream come true. This was a night I will never forget.
During this period, the average expansion was approximately 58 months, and the average contraction was approximately 11 months. Expansion is the default mode of the U.S. economy, and the average expansion time period has continued to average longer over time.
Recession, in economics, is defined as the contraction of an economyâs Gross Domestic Product for at least two consecutive quarters. That means the economy shrank. We all know that the worldâs largest economy is that of the United States. A lot of countries depend on them most especially countries which depend on export products. Thereâs this popular saying that âwhen United States sneezes, everybody catches a coldâ. This is so true nowadays which is evident in the domino effect of the global financial crisis with a lot of economies caught colds.