(Bloomberg Opinion) — The question is, how far away is a recession? George Magnus pointed out that the current expansion in the U.S., from the last trough in activity in June 2009, has now overtaken the expansion from February 1961 to December 1969 to be the second longest ever.
In June 2019 this becomes the longest recovery ever, overtaking the 120-month expansion from 1991 to 2001. The average length of the 12 expansions since 1945, Magnus notes, has been 58.4 months and in the three cycles since 1991 the average was 95 months.
The prospect of the economy slowing before the […]
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