The US economy has been the world's biggest for more than a century. Here are some mind-blowing facts about America's economy.
Last May, the US economy's streak of more than eight years of economic growth became the nation's second longest on record.Should the economy continue to grow until July, it would be the longest expansion in US history, besting the period from 1991 to 2001.
The US has a long way to go before catching Australia, which capped off its 27th straight year of economic growth last year.While the US has had a record period of economic expansion, it's not setting the world on fire. It's been a record 13 straight years without reaching 3% real gross domestic product growth.
The US has come close, hitting 2.9% growth in 2018, but America hasn't hit a real GDP growth of 3% since 2005, when it grew 3.5%. The previous record stretch? Four years to start the 1930s, a dark time in the US economy following the 1929 stock market crash. By 1934, real GDP growth was going gangbusters, growing 10.8% that year.
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