1 Do not capitalize general positions or titles. For example, capitalize Mother when that is the name a person uses to address his or her mother.  Capitalize positions or titles when they refer to specific people or agencies, such as Social Security Administrator or Agency (referring to a specific agency).
This recession lasted ten months (July 1953 - May 1954). It resulted from the demobilization after the Korean War. Unemployment didn't reach its peak of 6.1 percent until September 1954, four months after the recession ended. GDP contracted 2.2 percent in Q3, 5.9 percent in Q4, and 1.8 percent in Q1 1954.
One year before the maximum, in Q1-2008, only six countries were in recession (Iceland, Sweden, Finland, Ireland, Portugal and New Zealand). The number of countries in recession was 25 in Q2â2008, 39 in Q3â2008 and 53 in Q4â2008.