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According to the NBER, over this time period there have been 12 expansions and 11 recessions.
The average expansion lasted 64 months while the average recession lasted 11 months.
Total GDP growth has expanded by 25% during the current expansion, far less than previous periods.
Annual GDP growth has averaged 2.3% Y/Y from 2010 to 2018, compared to 3.5% Y/Y in the sixty-year period from 1948 to 2007.
As always, please contact us if you have any updates to your personal or financial circumstances.
Andrew Murphy, CFA ______________________________________________________________________________ DISCLOSURES: The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Investment Advice offered through Winthrop Wealth Management, a Registered Investment Advisor and separate entity from LPL Financial.
We acknowledge there are also other risks facing the economy and the markets (link), including, global growth deceleration, the inverted yield curve, Brexit, and the potential for new tariffs on other countries.
Our role at Winthrop Wealth Management is to help our clients identify, manage, and navigate risk by providing a comprehensive financial plan combined with a structured, consistent, and repeatable investment process.
The expansion started after the end of the Global Financial Crisis in June 2009 and has lasted 121 months.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. *Basis points (BPS) refers to a common unit of measure for interest rates and other percentages in finance.
One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument.
We implement a proactive approach to both comprehensive financial planning and investment management.
Financial planning drives the investment strategy and provides a roadmap to each client’s unique goals and objectives.