No matter what the state of the economy is, it seems there’s always talk of a looming recession ahead. And recessions are indeed a normal part of the business cycle, and it’s highly unlikely they’ll ever go away.
But in reality, recessions normally occur many years apart, with the economy often growing a decade or more between contractions. According to data from the National Bureau of Economic Research, for example, there have only been six recessions since 1980, a span of 45 years.
