:lol:
http://www.cbo.gov/sites/default/files/cbofiles/attachments/11-14-12-SlowRecovery.pdf
http://www.cbo.gov/sites/default/files/cbofiles/attachments/11-14-12-SlowRecovery.pdf
Summary and Introduction
The U.S. economy has grown slowly since the deep recession in 2008 and 2009, which was triggered by a sharp
drop in house prices and a subsequent financial crisis.
During the three years following the recession (that is, the
third quarter of 2009 through the second quarter of
2012), the economy’s output grew at less than half the
rate exhibited, on average, during other recoveries in the
United States since the end of World War II.
1
All told,
between the end of the recession and the second quarter
of 2012, the cumulative rate of growth of real (inflationadjusted) gross domestic product (GDP) was nearly
9 percentage points below the average for previous recoveries. Researchers continue to grapple with understanding
the roles that steep declines in house prices and financial
crises play in slowing the growth of output