Revisiting GDP Growth Projections

Gross domestic product (GDP) contracted significantly during the Great Recession and has grown at a considerably slower pace than its historical average during the subsequent recovery. Both GDP and GDP per capita have diverged noticeably from their pre-recession trends: As of 2015:Q4, they are 19 percent and 16 percent below their 1955-2007 trends, respectively.
Central Banker logo


Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.