A Historical Perspective on the 1989-92 Slow Growth Period

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A Historical Perspective on the 1989-92 Slow Growth Period

Spring 1993Volume 18, Number 2

Author: David Brauer

This article compares the 1990-91 recession and the surrounding period of unusually sluggish growth with earlier recessionary episodes. Using a variety of indicators, the author assesses the relative severity of the latest recession and identifies features that distinguish this period from its predecessors. He also gauges the economy's recent performance by tracking the deviation of real GDP from various estimates of its potential level.

PDF full article PDF

14 pages / 1,217 kb

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