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Expansion Continues According to standard US GDP Data: Private Sector Grows 2.8% in Q1 2012

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Expansion Continues According to standard business cycle terminology, the recession phase of the business cycle is the downward movement of GDP from its previous peak The recovery phase is the upward movement from the trough (low point) of the recession and continues until GDP again reaches its previous peak. Once GDP moves above its previous peak, the expansion phase begins. Q1 2012 GDP was solidly above pre- recession peak, continuing the expansion that the economy entered in Q3 2011 Posted April 28, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

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