Economic Expansions

While the current economic expansion is the weakest ever, averaging just 2.1% GDP growth/year, the second weakest was the previous recovery which ended with the Great Recession. The third weakest, the recovery before that, which was the longest recovery ever; 10 years. This suggests the slow economic growth we are experiencing is structural in nature and that the 1H17 GDP growth of 1.9% is roughly as good as it gets.