3 ms·

When did the second recession start, then?

• hga 16y ago
  This is a rear-view mirror sort of thing, so it may have already but they don't yet have the data needed or are still making up their minds. The general theory I've heard is that companies re-built their inventories after they let them get low in the extreme uncertainty following the 2008 fall financial shocks. That appears to have tapered off earlier this year and we could be treading water or going back down right now, but as mentioned above it can't yet be called.