The Past 11 Recoveries According to GDPHarrison Roger
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.
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 . . .
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