It also produced a recession in the United States and the first post-war recession in Europe.

"Nonetheless," he continued, "the balance of forces does appear to suggest that this downturn could well prove shorter and shallower than most prior post-war recessions."

But this downturn is not like other post-war recessions.

And the ventures and investments that helped to end each of the previous post-war recessions in less than two years are not undertaken this time around.

Because the recession began with already elevated levels of unemployment, the increase easily pushed it higher than any other post-war recession.

However, due to the post-war recession and resultant down turn in shipping traffic, the idea was abandoned.

When Adams took office as governor, New Hampshire was suffering post-war recession.

The nation's 10th post-war recession is almost assuredly over.

Conclusion: so far, the economy is contracting at a pace that is remarkably similar to America's two deepest post-war recessions.

What you state may have been true in the bog-standard post-war recessions, however, this time it's different.