Journal Article
A historical perspective on the 1989-92 slow growth period
Abstract: 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.
Keywords: economic conditions - United States; Gross domestic product; Recessions;
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Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Quarterly Review
Publication Date: 1993
Volume: 18
Issue: Sum
Pages: 1-14