WASHINGTON, Sept. 23 (Xinhua) -- While the U.S. economy has picked up in recent months, the panel of elite economists at the National Bureau of Economic Research (NBER) isn't ready to declare that the COVID-19 induced recession is over, local media reported on Wednesday.
Analysts often refer to recessions as two consecutive quarters of contraction in gross domestic product (GDP). However, in the United States, the NBER formally determines when recessions begin and end on a range of factors.
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