Capital Markets: Observations & Insights
Take It to the Limit? The Longest Expansion
• Other countries have experienced much longer economic expansions
‒ Including developed economies such as Australia (27+ years)
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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