By Andrew Moran August saw an unexpected rise in import prices, signaling that foreign companies chose not to lower their costs, according to new U.S. government data released on Sept. 16. According to the Bureau of Labor Statistics, import prices rose 0.3 percent last month from a 0.2 percent boost in July. This represented the […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.
