Time-frame of a typical recession
The average length of recessions is 17.5 months. The long-term average covers the 1873 recession that lasted 65 months. It also includes the Great Depression, which lasted 43 months.
Since WWII, recessions have become less harsh, lasting an average of 11.1 months. In part, it is because bank failures do not mean that you lose your life savings.
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Recurrence of recessions
Since 1857, a recession occurred about every three-and-a-quarter years. The government used to think recessions should work themselves out.
Since WWII, the average between recessions is nearly five years. The last economic expansion, starting at the end of the Great Recession, lasted 128 m...
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