The Past 11 Recoveries According to GDP

GDP came in yesterday down 1%, much worse than most economists had been expecting. Overall, the decline was mostly due to a drop in private Investment Spending, declining about 12% from the prior quarter (annualized basis). Here’s how GDP has done over the past 11 economic recoveries. GDP Recovery Overall, the current recovery, began in July 2009, is the worst of the past 11, with GDP only up about 10% since the trough. The 2002 recovery was up almost 40% more (14%) over the same period, while the long 1991 recovery was up over 15% at this point. Further details on…