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What growth occurred was unevenly distributed; roughly half of GDP growth from 2009 to 2015 went to the top 1% of households. [16] Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018.
The reference dates of the United States' business cycles are determined by the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), which looks at various coincident indicators such as real GDP, real personal income, employment, and sales to make informative judgments on when to set the historical dates of the peaks and troughs of past business cycles.
Following the October 6, 1979 meeting of the Federal Open Market Committee, the federal funds rate increased gradually from 11.5% to an eventual peak of 17.6% in April 1980. [6] This caused an economic recession beginning in January 1980, and in March 1980, president Jimmy Carter created his own plan for credit controls and budget cuts to beat ...
The Cleveland Trust Company Index showed the economy spent 68 months below its trend, and only nine months above it, and declined 34.3% during this depression. [19] 1845–late 1846 recession — ~1 year ~2 years −5.9% — This recession was mild enough that it may have only been a slowdown in the growth cycle.
Pages in category "1980s in economic history" The following 40 pages are in this category, out of 40 total. This list may not reflect recent changes. 0–9.
The Economy in the Reagan Years: The Economic Consequences of the Reagan Administrations Greenwood Press. 1994; Camardella, Michele L. America in the 1980s (2005) For students in middle school. Collins, Robert M. Transforming America: Politics and Culture During the Reagan Years, (Columbia University Press; 320 pages; 2007).
While there have been some encouraging signs of economic recovery, especially in the United States, the global economic growth seems to be losing momentum. According to the IMF's World Economic Outlook report published in April 2012, "global growth is projected to drop from about 4 percent in 2011 to about 3½ percent in 2012 because of weak ...
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