Slowest Post-War Recovery

Randall Hoven
The latest GDP number brings us good news and bad news. The Great Recession ended in June 2009 according to the National Bureau of Economic Research. That was the low point of real GDP. Real GDP has grown every quarter in the three years since. That's the good news.

The bad news is that this recovery is the slowest in post-war US history.

We now have three years of recovery, all under President Obama. How does this recovery compare to the other post-war recoveries? See for yourself.

Recession

3 Year Recovery Period

Real GDP Growth over 3 years

President(s) during recovery

1948-49

4Q49-4Q52

25.4%

Truman

1953-54

2Q54-2Q57

12.4

Ike

1957-58

2Q58-2Q61

13.2

Ike/JFK

1960-61

1Q61-1Q64

18.4

JFK/LBJ

1969-70

4Q70-4Q73

16.4

Nixon

1973-75

1Q75-1Q78

14.1

Ford/Carter

1980

3Q80-3Q83

7.3

Carter/Reagan

1981-82

4Q82-4Q85

18.5

Reagan

1990-91

1Q91-1Q94

9.8

Bush 41/Clinton

2001

4Q01-4Q04

8.9

Bush 43

2007-09

2Q09-2Q12

6.7

Obama

Source: St. Louis Fed/FRED, GDPC96 series.

The 3-year recovery under Obama is the worst in post-war history. It is even worse than the three years after Carter's recession, which led to a double-dip recession just one year after it ended. Yes, this recovery is worse than a double-dip recession.

Randall Hoven can be followed on Twitter.

The latest GDP number brings us good news and bad news. The Great Recession ended in June 2009 according to the National Bureau of Economic Research. That was the low point of real GDP. Real GDP has grown every quarter in the three years since. That's the good news.

The bad news is that this recovery is the slowest in post-war US history.

We now have three years of recovery, all under President Obama. How does this recovery compare to the other post-war recoveries? See for yourself.

Recession

3 Year Recovery Period

Real GDP Growth over 3 years

President(s) during recovery

1948-49

4Q49-4Q52

25.4%

Truman

1953-54

2Q54-2Q57

12.4

Ike

1957-58

2Q58-2Q61

13.2

Ike/JFK

1960-61

1Q61-1Q64

18.4

JFK/LBJ

1969-70

4Q70-4Q73

16.4

Nixon

1973-75

1Q75-1Q78

14.1

Ford/Carter

1980

3Q80-3Q83

7.3

Carter/Reagan

1981-82

4Q82-4Q85

18.5

Reagan

1990-91

1Q91-1Q94

9.8

Bush 41/Clinton

2001

4Q01-4Q04

8.9

Bush 43

2007-09

2Q09-2Q12

6.7

Obama

Source: St. Louis Fed/FRED, GDPC96 series.

The 3-year recovery under Obama is the worst in post-war history. It is even worse than the three years after Carter's recession, which led to a double-dip recession just one year after it ended. Yes, this recovery is worse than a double-dip recession.

Randall Hoven can be followed on Twitter.