April 6, 2011

Recession: recovery and losses by advanced economies

Michael Mussa of the Peterson Institute for International Economics released his semiannual forecast for the global economy today, projecting GDP growth of 4.3% this year despite risks from turmoil around the world.
Mussa included this chart showing that only the U.S. and Canada (among the major advanced economies) had recovered by the end of last year from their sharp recession declines:

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