Recession A recession was suggested by importamnt indicators of economic downturn. These included high oil prices which led to both the drastic high prices, as well as using food crop products such as ethanol and biosiesel and global inflation. In December 2008, the NBER declared the world’s largest economy, the United States, has been in a recession since 2007.
A recession was suggested by importamnt indicators of economic downturn. These included high oil prices which led to both the drastic high prices, as well as using food crop products such as ethanol and biosiesel and global inflation. In December 2008, the NBER declared the world’s largest economy, the United States, has been in a recession since 2007.