Polina Vlasenko, PhD – AIER
A Milestone for the Economic Expansion
Summary: The current, 73-month business-cycle expansion, is now the fourth largest expansion since World War II. Despite this milestone, the current expansion is underperforming in output, unemployment and earnings. This implies that the economy has either hit its limits, hinting at a possible recession, or that the economy has yet to employ all of its available resources. The best we can do is look into the near future.