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What's the deal with the U.S. economy?

机译:与美国经济有何关系?

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摘要

Over the past few decades, the U.S. economy has provided more pleasant surprises than unpleasant ones. The U.S. economic cycle has been improving-expansions have lengthened and recessions have shortened. In the 1970s and early 1980s, expansions averaged 35 months; during the late 1980s and 1990s, they lasted an average of 106 months. Recessions have become shorter, falling from an average of 13 months to eight months in the same time frames. Recessions and expansions don't go smoothly-the pace of economic change usually is erratic. The dramatic spike in economic growth in 2003 Q3, in which gross domestic product (GDP) grew at a 7.5 percent annualized rate, didn't last; neither did the anemic 0.2 percent increase in 2002 Q4. Similarly, expansions often exhibit lengthy slow periods.
机译:在过去的几十年中,美国经济提供了比令人不愉快的惊喜更多的惊喜。美国经济周期不断改善,扩张期延长,衰退期缩短。在1970年代和1980年代初期,平均扩张期为35个月。在1980年代后期和1990年代,平均持续了106个月。经济衰退的时间变得越来越短,在同一时间范围内从平均13个月下降到了8个月。经济衰退和扩张不能顺利进行-经济变革的步伐通常是不稳定的。 2003年第3季度的经济增长急剧上升,国内生产总值(GDP)的年均增长率为7.5%,这种情况并没有持续。在2002年第4季度,贫血增长率也没有增长0.2%。同样,扩张通常会出现漫长的缓慢时期。

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