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ID: 1705541
User: 64.251.181.162
Article: Economy of the United States
Diff:
(Full-year 2013 GDP data; automatically-updated CPI link; fixed trade numbers; updated debt data)
(World's largest economy)
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The worst recession in recent decades, in terms of lost output, occurred during the [[financial crisis of 2007–08]], when GDP fell by 5.0% from the spring of 2008 to the spring of 2009. Other significant recessions took place in 1957–58, when GDP fell 3.7%, following the [[1973 oil crisis]], with a 3.1% fall from late 1973 to early 1975, and in the 1981–82 recession, when GDP dropped by 2.9%.<ref name=gcn>{{Citation|url=http://www.globalcrisisnews.com/usa/us-out-of-recession-as-economy-grows-by-3-5-percent/id=1238/ |title=Global Crisis News |publisher=GCN |accessdate=June 17, 2009}}{{dead link|date=October 2013}}</ref><ref name="cnn1">{{Citation|url=http://edition.cnn.com/2008/BUSINESS/03/21/us.recession.ap/index.html |title=Worries grow of deeper U.S. recession |publisher=CNN |accessdate=November 17, 2008 |archiveurl = http://web.archive.org/web/20080611130336/http://edition.cnn.com/2008/BUSINESS/03/21/us.recession.ap/index.html |archivedate = June 11, 2008}}</ref> Recent, mild recessions have included the 1990–91 downturn, when output fell by 1.3%, and the 2001 recession, in which GDP slid by 0.3%; the 2001 downturn lasted just eight months.<ref name="cnn1"/> The most vigorous, sustained periods of growth, on the other hand, took place from early 1961 to mid-1969, with an expansion of 53% (5.1% a year), from mid-1991 to late in 2000, at 43% (3.8% a year), and from late 1982 to mid-1990, at 37% (4% a year).<ref name=gcn/>
 
The worst recession in recent decades, in terms of lost output, occurred during the [[financial crisis of 2007–08]], when GDP fell by 5.0% from the spring of 2008 to the spring of 2009. Other significant recessions took place in 1957–58, when GDP fell 3.7%, following the [[1973 oil crisis]], with a 3.1% fall from late 1973 to early 1975, and in the 1981–82 recession, when GDP dropped by 2.9%.<ref name=gcn>{{Citation|url=http://www.globalcrisisnews.com/usa/us-out-of-recession-as-economy-grows-by-3-5-percent/id=1238/ |title=Global Crisis News |publisher=GCN |accessdate=June 17, 2009}}{{dead link|date=October 2013}}</ref><ref name="cnn1">{{Citation|url=http://edition.cnn.com/2008/BUSINESS/03/21/us.recession.ap/index.html |title=Worries grow of deeper U.S. recession |publisher=CNN |accessdate=November 17, 2008 |archiveurl = http://web.archive.org/web/20080611130336/http://edition.cnn.com/2008/BUSINESS/03/21/us.recession.ap/index.html |archivedate = June 11, 2008}}</ref> Recent, mild recessions have included the 1990–91 downturn, when output fell by 1.3%, and the 2001 recession, in which GDP slid by 0.3%; the 2001 downturn lasted just eight months.<ref name="cnn1"/> The most vigorous, sustained periods of growth, on the other hand, took place from early 1961 to mid-1969, with an expansion of 53% (5.1% a year), from mid-1991 to late in 2000, at 43% (3.8% a year), and from late 1982 to mid-1990, at 37% (4% a year).<ref name=gcn/>
   
In the 1970s and 1980s, it was popular in the U.S. to believe that [[Economy of Japan|Japan's economy]] would surpass that of the United States, but this did not happen.<ref>{{Citation|url=http://business.time.com/2011/02/14/is-china-facing-a-japanese-future/ |title=Is China facing a Japanese future?|work=Time |accessdate=February 27, 2012|date=February 14, 2011}}</ref>
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In the 1970s and 1980s, it was popular in the U.S. to believe that [[Economy of Japan|Japan's economy]] would surpass that of the United States, but this did not happen.<ref>{{Citation|url=http://business.time.com/2011/02/14/is-china-facing-a-japanese-future/ |title=Is China facing a Japanese future?|work=Time |accessdate=February 27, 2012|date=February 14, 2011}}</ref>JoletteRaeLynn was here with JusticeBaezaa
   
 
===Slower growth since the early 1970s===
 
===Slower growth since the early 1970s===
Reason: ANN scored at 0.9709
Reporter Information
Reporter: Bradley (anonymous)
Date: Wednesday, the 21st of October 2015 at 06:36:12 PM
Status: Reported
Wednesday, the 21st of October 2015 at 06:36:12 PM #101726
Bradley (anonymous)

iY5ADw http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com

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