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.
DEFINITION of 'The Great Recession'. The sharp decline in economic activity during the late 2000s, which is generally considered the largest downturn since the Great Depression. The term âGreat Recessionâ applies to both the U.S. recession â officially lasting from December 2007 to June 2009 â and the ensuing global recession in 2009.