Los Angeles Times | December 1, 2008 | 9:31 a.m. PT
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U.S. recession began in December 2007, panel finds
The National Bureau of Economic Research says its group of academic
economists who determine business cycles met and decided that the U.S.
economy fell into a recession last year.
Many economists believe the current downturn will last until the middle
of 2009 and will be the most severe slump since the 1981-82 recession.
More soon at:
http://link.latimes.com/r/NAT6JL/WGQ6Z/DEK5LB/6KHK/DM7GO/36/t

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Posted By Breaking News to Break News at 12/01/2008 07:36:00 PM

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