Economic Downturn in U.S. Began in February, Official Arbiter States

WASHINGTON– The U.S. officially went into an economic downturn in February, marking completion of the 128- month expansion that was the longest in records reaching back to 1854.

While Monday’s statement by the National Bureau of Economic Research study didn’t come as a surprise to economic experts, the group usually waits until an economic crisis is well under method before declaring it has actually started.

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