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We identify a month when the economy reached a peak of activity and a later month when the economy reached a trough.The time in between is a recession, a period when economic activity is contracting. As of September 2010, when we decided that a trough had occurred in June 2009, the economy was still weak, with lingering high unemployment, but had expanded considerably from its trough 15 months earlier.Gatwick passenger numbers continue to soar as London's second airport targets additional runway Gatwick has revealed figures showing that passenger numbers at London's second airport continue to...Apollo theatre ceiling collapse - ' I've never seen an incident like this,' says fire chief The Apollo theatre on Shaftesbury Avenue suffered a ceiling collapse during a performance of The...Q: How do the cyclical fluctuations in the unemployment rate relate to the NBER business-cycle chronology?

Luxury spas, authentic alpine cuisine and not a tent in sight. A: The committee's procedure for identifying turning points differs from the two-quarter rule in a number of ways.First, we do not identify economic activity solely with real GDP and real GDI, but use a range of other indicators as well. Early Bird spots at the world's greatest festival on snow are sold out!Q: The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. Showcasing 100 acts in the most unique venues imaginable (think igloo rave, enchanted forest party, subterranean super club, Austria's largest fancy dress street party). 19 years strong and reliably the best of it's kind, with an unbeatable reputation and world class talent unmatched across the mountains. SB18 festival wristband 5 nights accommodation, from £299...