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R40198Economic Policy

U.S. Economy in Recession: Similarities To and Differences From the Past

Federal & State Law Editorial TeamLast reviewed: November 2009
November 10, 2009

Summary

This report provides information on the patterns found across past recessions since World War II and analyzes whether and how the recession starting in 2007 might be different.

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Note: CRS reports are prepared for Members of Congress and their staffs. This summary is provided for informational purposes and does not constitute legal advice.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.