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The average recession lasts 10 months: Truist

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The average recession since 1950 has lasted 10 months, and the longest recession was the Great Financial Crisis, according to Truist's Keith Lerner. Yahoo Finance's Brian Sozzi explains today's stat.

Video Transcript

- Since the word recession is on everyone's mind nowadays, keep this fun fact handy. Headed into the weekend. The average recession since 1950 has lasted 10 months. Points out Keith Lerner at Truist, the longest recession was the global financial crisis at 18 months while the shortest was the 2020 COVID-induced recession in only two months.