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CRS  INSIGHT


Economic Growth Slower Than Previous 10 Expansions

June 30, 2016 (IN10520)




Related  Author


     Jeffrey M Stupak




Jeffrey M. Stupak, Analyst in Macroeconomic Policy (jstupak@crs loc gov, 7-2344)

Legislators and individuals continue to express discontent with the recent pace of economic growth in the United States,
particularly since the end of the recession in 2009. A recent p11 found that nearly 60% of U.S. adults believe that the
economy is performing poorly. Although this expansion is already the fourth longest since the 1850's (34 quarters to
date), the slow pace of economic growth means the overall gains have been relatively small. As shown in Figure 1, the
current economic recovery is the slowest recovery seen in the post-WWII period era. Real GDP has grown at an
average pace of 2.0% per year during the current recovery, compared with an average rate of 4.3% during the previous
10 expansions.


Figure 1. Real GDP Growth by Expansion

Post-WWII Period


C%




           A10
  'QD 4%

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