Michael Patton Advising: All Eyes on the US Economy
The current economic expansion passed the 10-year mark in June 2019, becoming the longest growth streak in U.S. history. Despite its record-breaking durability, U.S. gross domestic product (GDP) growth was slower than expected over the past decade, averaging just 2.3% annually since the expansion began in June 2009. By comparison, GDP grew at a vigorous 3.7% annual rate during the 1990s expansion that lasted slightly less than 10 years.(1)
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