But the weak growth number wasn’t really an outlier. Since the Great Recession of 2008, GDP growth has only averaged about 2%. The pre-recession rate was closer to 3%. In fact, the “recovery” has been weak to say the least.
This follows the trend revealed in the “scariest chart in the world.” After each successive recession since 1975, the recovery has been weaker. The trend (the yellow line) has drifted downward since the 1950s.