What Accounts for the Slow Growth of the Economy After the Recession?

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By Mark Lasky (au); Charles Whalen (au)
Year: 2012
Pages: 23
Binding Paperback
ISBN 978-1-4578-4129-3

Product Code: 1457841290

Description

The U.S. economy has grown slowly since the deep recession in 2008 and 2009. During the three years following the recession (the third quarter of 2009 through the second quarter of 2012), the economyäó»s output grew at less than half the rate exhibited on average, during other recoveries in the U.S. since the end of World War II. Between the end of the recession and the second quarter of 2012, the cumulative rate of growth of real (inflation-adjusted) gross domestic product (GDP) was nearly 9 percentage points below the average for previous recoveries. Contents of this report: Potential GDP; The Cyclical Variation of GDP Around Potential GDP: Government Purchases; The Effects of Recent Fiscal Policy Actions on the Economy; Residential Investment; Consumer Spending; Investment by Businesses; Net Exports; Monetary Policy and the Slow Growth of Output. Tables and figures. This is a print on demand report.

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