Friday, October 18, 2024

We still live in a world of very diminished economic growth since The Great Recession

Real GDP 2007-2023, 16 years, compound annual growth rate: 1.905%.

All the other years, 1929-2007: 3.448%.

We're behind that by almost 45%.

Compare the 16 years of The Great Depression and WWII, 1929-1945: 4.743%.

Or the 16 years prior to The Great Recession, 1991-2007: 3.253%.

This is bad, but you knew that.