Capital Markets: Observations & Insights

Take It to the Limit? ​ The Longest Expansion

• Other countries have experienced much longer economic expansions

Expansion

‒ Including developed economies such as Australia (27+ years)

Technical Recession

Data Not Available

Source: OECD. The definition of technical recession is two consecutive quarters of negative real GDP growth – this differs from other sources such as the NBER, which determines when recessions occurred in the U.S. Data through 2Q18.

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