I have made a graph that shows "recessionary" periods (according to Andy's new definition he just made up) in grey boxes during the post-war period, on a graph of "% Change in GDP from previous quarter, seasonally adjusted, annualized rate" based on data from The Bureau of Economic Analysis, via Economagic.com.
Note that recessions have become less frequent in the last 20 years, less severe, and have been of "average" length. Also note that GDP growth has generally been far more stable. The average % change in GDP for this data is 3.244%.
Note that recessions have become less frequent in the last 20 years, less severe, and have been of "average" length. Also note that GDP growth has generally been far more stable. The average % change in GDP for this data is 3.244%.
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