U.S. Economic Expansion BREAKS Record

  • 2019-07-01
  • Source: TTN
  • by: TTN Staff
U.S. Economic Expansion BREAKS Record
 
The U.S. economy has broken another record while President Trump has occupied the White House. The record for the longest economic expansion in U.S. history has been broken.

According to Fox Business:

The U.S. economy broke a record for its longest expansion ever Monday.

Economic expansion has continued for more than 10 years. Growth is now in its 121st month since the Great Recession ended in June 2009, according to the National Bureau of Economic Research.

The economy set its previous 120-month record between March 1991 and March 2001. That growth period ended after the dot com bubble burst.

...

As of the first quarter, U.S. GDP grew 3.1Opens a New Window. percent.

The growth has not been felt equally by all Americans as life expectancy and birth rates have been falling, especially among the poor segment of the population.

 Source: TTN

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