In the deepest postwar American recession, 1981-82, output dropped 2.5 percent.
He can also take pride that it has been more than eight years since the last American recession ended.
The stock market crash signaled the onset of an American recession.
He had huge losses due to the American economic recession in 1989.
An American recession used to bring on lower commodity prices, which could help stimulate demand.
The American recession, which seemed so fierce only a couple of months ago, now seems to have eased as the new year began.
Referring to the impact of the American recession on her field, she said, "Here, it is just the opposite."
Yet the threat to an open world economy has been heightened by the American recession and the possibility that it could spread.
The gulf crisis either triggered or aggravated the American recession.
An American recession began, but hopes for a quick recovery have grown since the end of the war.