The US economy didn't tumble into a recession during 2010s — and experts say the extremely slow recovery itself was a factor.
In every decade since the period immediately before the Civil War, the US economy could be relied on to do one thing: tumble into a recession.
The close of the decade will cap an extraordinary period for the US economy — one that saw it recover from the depths from the Great Recession and lock in a record interval of sustained growth. President Obama steered an economy on the verge of collapse and helped put it back on track, which has continued under President Trump.
"The 2010s recovery followed the worse recession since the 1930s," Marinescu told Business Insider."So there was room to grow without much adverse effects." Sinclair noted there was a slow crawl toward the historic levels of unemployment present today, and the real wage gains are lower compared to what previous generations experienced after a recession.
"There has been no recession because the growth rate of real GDP has been remarkably stable, although at a low average rate," Barro told Business Insider in an email, noting a steady performance averaging out to 2% since 2010.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Strong U.S. jobs data supports dollar as market looks to U.S.-China trade dealThe dollar held firm on Monday after data showed surprise strength in the U.S. j...
Read more »
U.S. defense secretary can't label U.S. base attack 'terrorism' at this pointU.S. Defense Secretary Mark Esper said on Saturday that he was not prepared at t...
Read more »
U.S. defense secretary can't label U.S. base attack 'terrorism' at this pointU.S. Defense Secretary Mark Esper said on Saturday that he was not prepared at t...
Read more »
US opens first round of resurrected peace talks with TalibanThe U.S. opens the first round of resurrected peace talks with Afghanistan's Taliban since Pres. Trump declared a near-certain peace deal with the insurgents dead in September.
Read more »
Glossier's First Eyeliner Pen Is Here To Save Us From Uneven WingsThe grind doesn't stop for the dewy masterminds over at Glossier, who launched its first-ever eyeliner pen today.
Read more »
What Jac Jossa and Dan Osborne's body language told us after I'm A Celeb finalEXCLUSIVE: Body language expert Judi James gives her assessment of the couple everyone are talking about right now following the series' climax on Sunday night
Read more »