Jul
02

Reserved Recovery

Since the end of WWII, there have been eleven economic recoveries. While this one is now the longest, real GDP is just slightly more than 20% higher than its pre-recession peak. Measured this way, the current recovery ranks fifth, having recently surpassed the 73-month 2001-2007 recovery, despite being 66% longer. The biggest recovery was the 106-month 1961-1969 recovery, when GDP growth rose slightly more than 50%; economically magnificent!

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