From 1945 to 2001, and 10 cycles, recessions lasted an average 10 months and expansions an average of 57 months.
This has prompted some economists to declare that the business cycle has become less severe.
How often is there a recession?
How often do recessions happen? Since 1900, we’ve averaged a recession about every four years—but that doesn’t mean they occur like clockwork. In the early part of last century, there was a boom and bust cycle with recessions and expansions almost equal in length.
Is there a recession coming in 2020?
A recession is unlikely in 2020, but possible. The economics profession did not predict most past recessions, so the absence of a downturn in current forecasts cannot be too comforting to business leaders planning operations for the upcoming year.
How long did the recession last?
How long do global recessions last?
The IMF estimates that global recessions occur over a cycle lasting between eight and ten years.