Demand Factors: US Growth
The following figures disguise a significant problem in the US economy. During 2008 the USA fell into recession. A recession is two consecutive quarters of negative economic growth. As we are looking at annual figures here, this situation has not been revealed.
Statistics for the rate of economic growth in the United States can be calculated from an index which is pulished by the Reserve Bank of Australia. You can find up to date figures for the USA (and many other countries) by clicking here.
| Year |
Increase in Real GDP (%) |
| 1996/7 |
4.1 |
| 1997/8 |
4.4 |
| 1998/9 |
1.0 |
| 1999/00 |
0.8 |
| 2000/01 |
0.6 |
| 2001/02 |
1.3 |
| 2002/03 |
1.8 |
| 2003/04 |
4.2 |
| 2004/05 |
2.9 |
| 2005/06 |
3.2 |
| 2006/07 |
1.8 |
| 2007/08 |
2.0 | |
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 | Current Page: US Growth |  |
Unit 1
Statistics