A historical perspective on the 1989-92 slow growth period

David A. Brauer

Quarterly Review, 1993, vol. 18, issue Sum, 1-14

Abstract: This article compares the 1990-91 recession and the surrounding period of unusually sluggish growth with earlier recessionary episodes. Using a variety of indicators, the author assesses the relative severity of the latest recession and identifies features that distinguish this period from its predecessors. He also gauges the economy's recent performance by tracking the deviation of real GDP from various estimates of its potential level.

Keywords: economic conditions - United States; Gross domestic product; Recessions (search for similar items in EconPapers)
Date: 1993
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