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Is This the Shortest Recession Ever?

August 30, 2020 at 10:36 am EDT by Joshua Holt

“The 32.9% GDP plunge in the second quarter overstates the severity of the recession quite a bit,” according to Early Retirement Now.

“Even though the 2020 recession spanned two quarters, Q1 and Q2, if we look at the economy at a monthly frequency, the drop in economic activity was concentrated in March and April only. January and February still saw solid growth and thus were still considered part of the longest economic expansion on record.”

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Personal finance, investing and financial independence.

About FIREwire

Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of Biglaw Investor.

Joshua spent more than a decade as a corporate lawyer in New York City representing sovereign nations and private equity clients in mergers & acquisitions.

He earned degrees from the University of Arkansas and Boston College, while also spending a year at Cambridge University in the United Kingdom. He lives in Austin with his wife and son.

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