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In the previous two recessions, it took 32 months for nonfarm employment to reattain its June 1990 peak, and 48 months for it to reattain its January 2001 peak.
For years, during recessions, it was possible to find a cheap little hideaway apart from home.
In these recessions, it took an average of six years for housing prices to stop their decline.
"Should the economy enter a prolonged downturn, mortgage losses could be higher than in past recessions," it warned.
However, following previous recessions, it has taken the state about five years, on average, to regain all of the jobs lost during a downturn".
In Italy, Spain and Greece, which have experienced wrenching crises and recessions, it is below zero (as it also is in Sweden and Israel).
Similar(43)
NOT only has America's productivity wonder survived its first recession; it has positively thrived.
In recession, it's hammered.
Another casualty of the recession it appears.
With the recession it's been difficult.
After the 2001 recession, it took 38 months.
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