Columbia International Affairs Online: Policy Briefs

CIAO DATE: 02/2013

Quarterly Update: The U.S. Economic Recovery in Historical Context

Dinah Walker

November 2012

Council on Foreign Relations

Abstract

How does the current recovery, which, according to the National Bureau of Economic Research, officially started in June 2009, compare to those of the past? The following charts provide a series of answers, plotting current indicators (in red) against the average of all prior post–World War II recoveries (in blue). The x-axis shows the number of months since the end of the recession. The dotted lines are composites of prior recoveries representing the weakest and strongest experiences of the past. This recovery chart book replaces the cycle chart book, which plotted the downturn as well as the recovery.