The team behind Passion Search is a dedicated group of professionals that have the utmost concern for your happiness with the site.The site is developed to be as easy to use as possible so that you don't waste time that you could spend going on dates and having fun with the singles that you meet off of the site.The NBER's Business Cycle Dating Committee maintains a chronology of the U. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak. The chronology comprises alternating dates of peaks and troughs in economic activity.The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP.
The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve's index of industrial production (IP).
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In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth.
The Committee applies its judgment based on the above definitions of recessions and expansions and has no fixed rule to determine whether a contraction is only a short interruption of an expansion, or an expansion is only a short interruption of a contraction.