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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (118974)12/21/2011 10:41:02 AM
From: TimF2 Recommendations  Read Replies (1) of 224720
 
Slowest recovery since WWII From Gene Epstein at Barron's:

. . . The recovery from the 2008-09 recession has been the slowest since any recession in the post-World War II era. It has taken nine calendar quarters since the recession ended in the second quarter of 2009 for real gross domestic product to climb back to its fourth-quarter '07 peak. Assume the same rates of growth during the recoveries from the two previous recessions that rank second and third in severity since World War II -- '81-'82 and '74-'75 -- and the recovery from the recent recession should have taken half as long.

Try other comparisons. In the more than 41 years since 1970, the average quarterly rate of growth, calculated on an annual basis, has been 2.8% -- and that includes all negative quarters in recessions. By contrast, over the recent nine quarters of recovery, the annual rate of growth has averaged just 2.4% -- and as mentioned in last week's column, the Blue Chip consensus forecast calls for more of the same through 2012. Following the recessions of '74-'75 and '81-'82, the first nine quarters of growth averaged, respectively, 5.1% and 6.3%...

johnrlott.blogspot.com
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