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The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 +2.5% +4.0%: Expansion resumed following a return to growth in May 1954. Employment and GDP growth slowed relative to the previous two expansions. April 1958– April 1960 24 +3.6% +5.6%
An economic expansion is an increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured (for example) by a rise in real GDP .
The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...
And opening up a new question about the next phase of this economic expansion. ... Just look at the first estimate of third quarter GDP released on Oct. 26 as an example.
The examples are big and small. ... Economic policymakers think the expansion could dim as stimulus from tax cuts and low interest rates fades while a U.S.-China trade skirmish brews. They worry ...
Economic growth spread to all regions of the world during the twentieth century, when world GDP per capita quintupled. The highest growth occurred in the 1960s during post-war reconstruction. In particular, shipping containers revolutionized trade in the second half of the century, by making it cheaper to transport goods, especially ...
The current expansion's durability, remarkable already for restoring the massive job losses seen at the start of the coronavirus pandemic in 2020 and then some, will depend in part on how the Fed ...
[39]: 257–258 Though the 1780s saw moderate economic growth, many experienced economic anxiety, and Congress received much of the blame for failing to foster a stronger economy. [38]: 613–614 On the positive side, the states gave Congress control of the western lands and an effective system for population expansion was developed.