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The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000.
Notably, the early 1990s recession did not have as deep a contraction as the early 1980s recession, but was of longer duration as it had four years of less than 2.3% growth in real GDP (1989–92), while the early 1980s recession only had two years of less than 2.3% growth (1980 and 1982), and only the early 1990s recession actually saw a ...
July 1990 marked the end of what was at the time the longest peacetime economic expansion in U.S. history. [2] [5] Prior to the onset of the early 1990s recession, the nation enjoyed robust job growth and a declining unemployment rate. The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% ...
[20] [26] In 2017, the African Development Bank reported Africa to be the world's second-fastest growing economy, and estimates that average growth will rebound to 3.4% in 2017, while growth increased to 4.2% in 2018. [27]
Job growth remained weak at first, hampered by mass layoffs in defense-related industries following the end of the Cold War. [6] Construction hiring was also weak, and real estate values subdued, following a period of overbuilding in the 1980s. [7] Economic growth solidified by 1993, and home prices rebounded starting in 1995.
Africa's economy only began to take off in the early 2000s as the political situation improved, national governments began to crack down on corruption and patronage, macroeconomic growth plans aimed at improving living conditions began to be implemented, and millions of Africans continued to flock to the cities in search of jobs and other ...
At purchasing power parity, the global economic output expanded by US$13.7 trillion from 1980 to 1990. The following two tables are lists of the 20 largest contributors to global economic growth from 1980 to 1990 by International Monetary Fund.
In the early 1990s, Ghana's economic recovery still appeared uneven and was geared primarily to the export rather than domestic market. [1] GDP had risen by an average of 5 percent per year since 1984, inflation had been reduced to about 20 percent, and export earnings had reached US$1 billion. [ 1 ]