Details of Economic Depression versus Recession, Recovery and Expansion


No Other Major Economic Series Comes Within Three Years of the
Headline Brevity of the GDP Collapse into 2009 and Recovery into 2011, or
Comes Close to Matching the Subsequent 12.2% GDP Expansion


Better-Quality Series Show Continued, Protracted Economic Collapse, with
No Recovery of Pre-Recession Highs and No Economic Expansion


Annualized Fourth-Quarter Real Growth in Gross Domestic Product
Revised to 2.08% from 1.86%


Fourth-Quarter Final Sales Growth (GDP net of Inventory Change)
Fell to 1.07% versus 3.02% in Third-Quarter 2016


Initial Reporting of Fourth-Quarter Gross Domestic Income at 1.00%,
Gross National Product at 2.88%


2016 Annual GDP Growth Still Was Weakest Since the Economic Collapse,
Both Before and After Inflation Adjustment


Broad Outlook Continues for Non-Recovering Activity and Economic Disruption


February Real Median Household Income Increased, Still Holding
Below its Pre-Recession High and Signaling Consumer Liquidity Stresses

 

 

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