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The trough marks the end of the declining phase and the start of the rising phase of the business cycle.
Economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.
The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007.
The basis for this decision was the length and strength of the recovery to date.
At its meeting, the committee determined that a trough in business activity occurred in the U. The recession lasted 18 months, which makes it the longest of any recession since World War II.Please mail any official documents to our support email address.If you insist on sending physical copies please use our Headquarters address.Service FAQ's Letter Writing Tips Some Good Advice Service Testimonials Tour Testimonials Interview Electronic Translators Auto Updates Customer Service Survey Can't make a Romance Tour? We offer the safest, all-inclusive Individual Tours, to more locations, including Russia, China, Philippines, and Latin America, than any other company in the world!Our invitation only Russian Socials, Latin Socials, China Socials and Philippine Socials boast the largest Foreign women-to-men ratios in the industry, and are regarded by Foreign women as the best and most tastefully done.
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