when was the last recession
The last official recession in the United States ended in April 2020 , after a brief downturn that began in February 2020 during the early phase of the COVIDâ19 pandemic.
Quick scoop: when was the last recession?
- The U.S. economy entered a recession in February 2020 , triggered by pandemicârelated shutdowns and collapsing demand.
- The National Bureau of Economic Research (NBER), which dates U.S. business cycles, declared that the recession ended in April 2020 , making it the shortest on record at just two months.
- Before that, the prior major recession was the Great Recession , which ran from December 2007 to June 2009.
Recent recession dates at a glance
Recession period| Duration| Notes
---|---|---
Feb 2020 â Apr 2020| 2 months| COVIDâ19âinduced downturn; shortest U.S.
recession ever. 510
Dec 2007 â Jun 2009| 18 months| âGreat Recessionâ; deepest postwar downturn
before COVIDâ19. 179
Mar 2001 â Nov 2001| 8 months| Dotâcomâbubbleârelated slowdown. 5
Why people still talk about âa recessionâ
Even though the last official recession ended in 2020, many households still feel its aftereffectsâhigher debt, elevated housing costs, and uneven wage growthâwhich keeps âwhen was the last recessionâ a trending topic in forums and news discussions.
Information gathered from public forums or data available on the internet and portrayed here.