Quality Quarters

expansionWith data for 17Q1 now official, Australia just enjoyed its 103rd consecutive quarter without a recession, the casual definition of which is two consecutive quarters of negative growth. That ties Australia with the Netherlands for second place in world history. The Dutch streak ended in 2008. Japan holds the record at 130 quarters; 32.5 years! Their streak ended in 1993. The current US expansion entered its 37th quarter on 7/1/17.

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