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FRED shows recessions in shaded areas for the US economy using the NBER definition, but not for other economies. For Canada, assume that a recession
FRED shows recessions in shaded areas for the US economy using the NBER definition, but not for other economies. For Canada, assume that a recession is defined by two consecutive quarters of negative GDP growth. Since 1980, how many recessions has the Canadian economy undergone? It may be helpful to download the data into a spreadsheet to check. What are the two biggest recessions in terms of length and magnitude?
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