Forex | Forex | The Business Cycle Troughs of 1991 and 2001 (31/08/2009 22:08:10)

The Business Cycle Troughs of 1991 and 2001

The Business Cycle Troughs of 1991 and 2001 The National Bureau of Economic Research (NBER), the arbiter of business cycles, officially announced the trough of March 1991 on December 22, 1992 and the trough of November 2001 on July 17, 2003. Based on this history, there is a lapse of roughly 20 months before the Business Cycle Dating Committee has announced the date of a business cycle trough. Real gross domestic product had risen in the second quarter of 1991 (see chart 1) and the fourth


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