How Robust is the Current Economic Expansion?

Publication Date: October 2007

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Aviva Aron-Dine; Chad Stone; Richard Kogan

Research Area: Economics

Keywords: Economic projections; Fiscal future; Recession

Type: Report

Abstract:

It now appears that the economic expansion that began in 2001 is drawing to a close.  The economy may be entering a recession; if not, it is certainly entering a slow-down.  Now is therefore a good time to take stock of the recent economic expansion as a whole.  We examine the expansion from 2001, when it began, through the third quarter of 2007, before the slow-down in economic growth in the last part of 2007.