Economic recoveries tend to be both strong and durable
History has shown that economic recoveries following recessions are typically both strong and durable. As shown in the chart, once the recovery takes hold and the economy does start expanding, it is rarely for a short time. In fact, periods of expansion that came on the heels of downturns averaged 57 months or close to 5 years. After 1960, the average period of expansion following a recession was even longer at 71 months or close to 6 years. Although the transition from an economic recession to an economic recovery can be choppy, once recoveries arrive, they tend to be longstanding.
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Douglas J. Bodtcher
Investors Group Financial Services Inc.
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Douglas.Bodtcher@investorsgroup.com
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