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Friday, December 20, 2019

Researchers: US Economy in Longest Expansion Ever Under Trump

For the first time ever, the U.S. economy started and ended an entire decade without a recession — the longest expansion in our history, researchers say.

The National Bureau of Economic Research found, as of December, the economy has expanded for a record 126 consecutive months, CNBC reported.

"It is unusual that this has been such a persistent recovery," Michelle Meyer, chief U.S. economist at Bank of America Merrill Lynch, told CNBC.

CNBC noted much of the expansion over the decade has been spent recovering from the so-called Great Recession of 2007-09.

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1 comment:

Anonymous said...

Trump was elected in 2016. So how can you claim this as “his” victory, when most of the expansion was to recover from 2007/08?

Talk about spin...