The M*A*S*H* Recession (1 lugl 1953 anni – 1 magg 1954 anni)
Descrizione:
Duration: 10 monthsGDP decline: 2.7%16
Peak unemployment rate: 5.9%17
Reasons and causes:
The wind-down of the Korean War caused government spending to decline dramatically, lowering the federal budget deficit from 1.7% of GDP in fiscal 1953 to 0.3% a year later. Meanwhile, the Federal Reserve tightened monetary policy in 1953.
Aggiunto al nastro di tempo:
Data:
1 lugl 1953 anni
1 magg 1954 anni
~ 10 months