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.
Causes of Economic Recession. When a nation's calculated gross domestic product is affected negatively on account of decline in the economic activities, the situation is described as an economic recession. The calculation of a country's gross domestic product or GDP is usually for two or more successive quarters of a year. Many economists judge recessions to better understand the causes and find effective solutions to them. This period is emblematic of significant decline in economic activity.