The longest US recession since the great Depression
Gross domestic product plunged at a 6.3 percent annualized rate in the fourth quarter of 2008, the steepest quarterly decline since 1982. The economic downturn will next month become the longest U.S. recession since the Great Depression.
Does the red part mean, starting next month, the current recession will last longer than the Great Depression? Thanks.
Top answer
No; if it continues through next month, it will be longer than any recession after the Great Depression.
— Mister Micawber
No; if it continues through next month, it will be longer than any recession after the Great Depression.
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Let me make this straight: so the Great Depression are still the longest even when the current recession goes through the next month. Is this understanding right? Thanks.