When will this recession ends?

Everybody in the world is affected by recession. All of them are eagerly waiting for its end date. Although it is hard to say when it is going to be end, history can assist to think about it. In this article, I will paraphrase the major recessions and their life period.

According to the Bishambher Pyakurel, there are many recessions since last 70 years [1]. The major recessions and corresponding durations are listed here:

  1. Recession during 1930 - 1932 : Duration= 43 months
  2. Recession during 1980-1981 : Duration= 16 months
  3. Recession during 1990-1991: Duration = mild
  4. Recession during 2001 : Duration = mild
  5. Recession during 2007: Started in December , End = Unknown

Furthermore, [1] states that there are 10 recessions since World War II and the average duration is 10.4 months. The current recession is already 17 months old, greater than the average duration, but the end date is not certain yet. It is predicted that the recession will end by the end of 2010. Lets hope it will end very soon.

References:

[1] My Republica