Business Recovery Continues
The economy recently passed the two-year mark in its recovery from the recession which ended in November 1970. The record of business cycles over the past two decades indicates that two of the three previous recoveries were halted in less than three years. The recovery following the recession of 1953-54 lasted two years and eleven months, and the recovery following the 1957-58 downturn endured two years and one month.
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