2008 recession recovery graph


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  • How long did recession in 2008 last?

    According to the U.S.
    National Bureau of Economic Research (the official arbiter of U.S. recessions) the recession began in December 2007 and ended in June 2009, and thus extended over eighteen months.

  • Did people recover from the 2008 recession?

    How long did the recession officially last? The recession lasted 18 months and was officially over by June 2009.
    However, the effects on the overall economy were felt for much longer.
    The unemployment rate did not return to pre-recession levels until 2014, and it took until 2016 for median household incomes to recover.

  • The U.S. economy avoided the recession forecast for 2023.
    Experts now say a soft landing or mild recession is possible in 2024.
    These tips can help investors prepare for the unexpected.

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