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After each of the past two recessions, the recovery has been lackluster, with little economic growth and job creation. Historically, the rebound has been much stronger. Is the economy changing fundamentally?
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The 2001 recession was unique in several respects. For instance, the peak-to-trough decline in real gross domestic product was one of the smallest on record and its duration was slightly shorter than average. This article examines some of the other unique features of the 2001 recession compared...
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"Although the current recession may.. be the longest in the postwar period, it is by no means certain that it will be the deepest, but it's increasingly looking that way."
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