By JEANNINE AVERSA
AP Economics Writer
WASHINGTON – The government’s report Friday showed the economy has grown for two straight quarters – and accelerated at the end of last year. It was the most compelling evidence to date that the recession ended last year.
Going back to 1947, only one recession – in 1969-1970 – has included two straight quarters of economic growth.
Yet the National Bureau of Economic Research, the Cambridge, Mass.-based group that determines the start and end of recessions, has yet to declare this one has ended.