The US economy didn't tumble into a recession during 2010s — and experts say the extremely slow recovery itself was a factor.
In every decade since the period immediately before the Civil War, the US economy could be relied on to do one thing: tumble into recession. But the American economy is on pace to defy that trend for the first time in nearly 170 years as it enters the 2020s. The 2010s would be first time a decade has come and gone without the nation falling into recession, which is commonly defined as two consecutive quarters of contracting gross domestic product.
In every decade since the period immediately before the Civil War, the US economy could be relied on to do one thing: tumble into recession. But the American economy is on pace to defy that trend for the first time in nearly 170 years as it enters the 2020s. The 2010s would be first time a decade has come and gone without the nation falling into recession, which is commonly defined as two consecutive quarters of contracting gross domestic product.
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