IT’S OFFICIAL: THIS RECOVERY STINKS EVEN BY STINKY-RECOVERY STANDARDS

In a new research note, JPMorgan points out that since 1970, Japan, Finland and Sweden have all gone through what the U.S. is

Print Friendly, PDF & Email

Even compared the kind of economic sluggishness that typically follows financial crises, this is one sluggish recovery:

In a new research note, JPMorgan points out that since 1970, Japan, Finland and Sweden have all gone through what the U.S. is currently going through. And all three of them had recoveries stronger than America’s. The above chart compares the economic recovery – as measured by real GDP per capita – of each nation at different points after the trough of their recessions. And the U.S. is in dead last after 12 quarters from the bottom. [Emph. added.]

The chart says it all: