Growth and gaps
Since 1950, U.S. economic output, as measured by gross domestic product adjusted for inflation, has mainly been growing, except for six recessions of varying length and severity.
(real GDP annual change, percent)
Citation: Finance & Development 45, 004; 10.5089/9781451922455.022.A019Source: IMF, World Economic Outlook database.Note: Light-shaded areas represent recessions—periods when output declines. Recessions are dated by the National Bureau of Economic Research, a private organization.