The Importance of Consistent Economic Growth in the 1990s

The economy starts growing in 1992 and between then and the crash of 2008, there is a period of uninterrupted economic growth. The average growth in GDP annually over the 1990s is 2.2%. Well, in the 1960s, that had been 3.4%. So we're down to about two-thirds of where we had been. It's still good in retrospect. Economic growth has been worse in the first two decades of this century but it was worse than it was in the 1970s. We're bumping along the bottom at the lowest that we've been since the war, except that there's no negative growth at any stage. And so although the growth is modest at best,